A hammer candlestick is a technical analysis tool used in forex trading to identify potential reversals in price trends. It is part of the broader category of candlestick patterns, which are a staple in the toolkit of many forex traders due to their...
U.S. dollar retreated slightly during Wednesday’s trading session, perhaps a small correction after recent gains. Despite this, the overall market sentiment is still in favor of buying on dips. The 160 yen level is particularly noteworthy, as there...
EUR/ USD Price Activity The present analysis of the EUR/ USD currency pair's price behavior is subject to discussion. We're discussing different periods here. My short-term trend is bearish, explicitly referring to the H1 time frame. When...
USD/CHF UPDATES We are watching the USDCHF pair whose price action managed to reach resistance (R1) 0.8977 after successfully passing the Pivot Point (PP) 0.8920 and staying above the EMA 50. Most likely, there is an opportunity to continue the...
EUR/USD PAIR REVIEW For the second day in a row, the price of the euro against the US dollar (EUR/USD) is moving higher, stable around the level of 1.0744 at the time of writing the analysis. The rebound came after two sessions of declines, as...