Crude Oil Technical and Fundamental Analysis Crude oil prices are in a downtrend and are supported by a bearish market structure. However, this structure was recently broken on the 1-hour time frame, signaling a shift to the uptrend. The price is...
USD/CHF Analysis Greetings and Good Morning to everyone! The ISM Service PMI made the US dollar a little weak. However, the market will remain in favor of buyers anymore. Also, the strong ISM data suggests economic resilience, supporting equity...
AUD/USD Market Outlook Greetings and Good Morning to everyone! The overall market sentiment of AUD/USD is still in favor of buyers. Therefore, the traders can open a buy order with a short target of 0.6272 ahead. Also, the Australian Retail Sales...
Technical Analysis: EUR/USD rebounds to near 1.0400 EUR/USD rises above 1.0400 as the risk-premium of the US Dollar eases amid diminishing fears of a global trade war. The ECB is expected to continue reducing interest rates amid confidence that the...
What is a Homing Pigeon Candlestick Pattern? The Homing Pigeon candlestick pattern is a bullish reversal pattern observed in technical analysis, primarily used in trading to identify potential reversals from downtrends to uptrends. It consists of...
