In the Asian trading session on Friday, the currency pair moved within a tight range, hovering around 153.70. This position is notably below the all-time high achieved earlier this week. Currently, upward momentum appears limited, primarily due to...
The exit area for EUR/JPY is at the support line of the ascending channel. This means that the intra-channel correction mechanism launches at a minimum, and the external correction conditions in the medium term peak at a maximum. Another option for...
AUD/USD Technical Analysis As of this writing, the AUD/USD price is trading at the weekly pivot level of 0.6550, considered the week's sideways level. One of the two channels, which represents the price trend during the previous week only, is...
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What is the Meaning of Inverted Hammer Pattern? Trading the inverted hammer is pretty straight forward. Forex traders should place a buy trade above the high of the inverted hammer candle. At the same time, the pattern is invalidated of the price...
