The daily chart for gold has at the beginning of a new trading month and the approaching annual close. The chart shows rising price channels, indicating an upward trend in gold’s movement over the previous two months. The monthly levels of the pivot...
Crude Oil Technical Analysis Since the end of the first week of November, the price of oil has been oscillating between ups and downs. The price channels were broken, but each time the price attempted to fall, it received support from the monthly...
The bearish belt holding pattern is a candlestick example of the possibility of a bearish reversal in the forex market. It is usually at the end of a trend and indicates that market sentiment may be moving from trend to trend downward. Here is a...
The Baby Swallow pattern, also known as the Bullish Engulfing pattern, is an important candlestick indicator of the potential to turn from a downtrend to an uptrend in the forex market Here is a brief guide to recognizing and following this...
After USD/JPY broke through the psychological 160.00 mark, there was growing talk of Japan’s imminent intervention in the foreign exchange market to stop the yen’s collapse. It hit the highest resistance level since 1986 at 160.86 and stabilized...