Conversely, the Shooting Star pattern is considered its bearish counterpart. It occurs when the price opens higher than the previous close, rallies during the trading session, but then sells off to close near or below the opening price. The long...
The minutes from the Federal Open Market Committee (FOMC) meeting, where the Federal Reserve cut interest rates by 25 basis points (bps) to a range of 4.25%-4.50%, reveal growing concerns among officials about the potential risks to US inflation....
Define specific criteria for entering and exiting trades. This may include technical analysis signals, fundamental analysis, or a combination of both.Set clear stop-loss levels to limit potential losses and take-profit levels to secure profits....
I believe the GBPUSD’s recent price action has set a critical technical tone for the coming sessions. The bearish engulfing pattern on Friday, which erased the prior day’s gains, signals a strong shift in momentum favoring sellers. I see this as a...
XPD/USD (Palladium vs USD) – Intraday Analysis Palladium has shown a strong downward momentum on the 1-hour chart, with the price currently trading around 905.74, representing a -1.59% decline. The market has broken below a key psychological level...
