On Friday, the GBP/USD currency pair closed with a bullish candle, which indicates a positive sentiment in the market. However, it also displayed a shadow at the top of the candle, suggesting that although buyers were able to push the price higher,...
ANALYSIS OF AUD/CHF PAIR. The H1 chart for AUD/CHF presents a significant downtrend, as evidenced by the sustained price action below the 200-period moving average (red line). The price attempted multiple recoveries but faced resistance near the...
USD/CAD Outlook Greetings and Good Morning, guys! The Canadian overnight rate and the BOC's Governor's speech will be released this week, which could significantly impact the USD/CAD market. Traders will closely monitor these events to assess the...
Gold Overview Gold prices are trending higher today and are rapidly approaching key resistance levels. Gold is trading at 2917 and approaching the 2925 resistance level on the H1 chart. The market structure suggests a possible breakout if the...
The candlestick pattern observed can indeed be interpreted as a star formation, which is often seen as a potential signal for a reversal or a continuation of a trend. While it’s important to note that this specific star pattern appeared in a...
