In forex trading, a bearish pattern indicates the possibility of a reversal from an uptrend to a downtrend or confirmation of a continued downtrend. Here are some common causes of a recession. 1. Recession scope planning A two-candle model with the...
I don’t trade weekly; if you look at weekly timeframes, there will be a flat for almost half a year, but on junior timeframes, there is still movement on which you can work. There seems to be an opportunity to break through to the north, but so far,...
Recently, there was a notable breakout of sellers when the price rose above the 2330 mark. This breakout was significant because it indicated a potential shift in market sentiment from bearish to bullish. However, the excitement was short-lived....
The Australian currency is currently hovering around $0.6655, showing a neutral trend in the foreign exchange market. This is evident on daily charts, where the AUD/USD pair is stuck within a rectangular pattern, indicating a consolidation rather...
The USD/JPY currency pair has been a focal point for many traders and investors due to its significant role in the forex market. As of now, the pair is trading at 159.64, and the prevailing trend appears to be bearish. This movement suggests that...