The GBP/USD pair formed a Hanging Man candlestick reversal pattern (blue rectangle on the chart below) on Wednesday, suggesting that the pair may have further downside in the near term. This pattern was confirmed after a long red bearish day that...
The euro against the US dollar faced selling pressure above 1.1150 during the North American trading session on Friday. As the US dollar (USD) rebounded, the major currency fell. The US dollar index (DXY), which measures the value of the US dollar...
Current Scenario of XAU/USD Quotes: The price of Gold (XAU/USD) recently surged to new highs, reaching $2625.20 by the end of the week. This increase came despite mixed market signals and a bearish outlook from some indicators. One of the main...
EUR/USD Forex Signalouble Top Forms Ahead of Fed Decision Bearish view Sell the EUR/USD pair and set a take-profit at 1.1075. Add a stop-loss at 1.1200. Timeline: 1-2 days. Bullish view Set a buy-stop at 1.1145 and a take-profit at 1.1205. Add a...
CHEATER TRADING JOURNAL GOLD I am looking at gold on the hourly chart. The pair was trading in the green range. There was an exit from this range upwards, a range was formed. I assumed that the pair would go lower, because the seller was gaining...