The AUD/USD pair has been experiencing a downward trend, primarily influenced by the hawkish stance of the Reserve Bank of Australia (RBA) and the uncertain economic outlook for Australia. Despite the RBA's aggressive stance against rising...
The Three Stars in the South is a bullish reversal pattern that is seen on candlestick charts, and it is made up of three consecutive bearish candlesticks. It normally appears after a price decline, where it may indicate that the downswing is losing...
Analyzing currency pairs like AUD/USD involves understanding various factors that influence their movements. As of now, the AUD/USD pair is trading around 0.6650, and the trend appears to be bearish. This means that the market sentiment is currently...
The pair has recently made a notable comeback from the round-level support of 1.1060. This rebound signifies investors’ efforts to bolster the Euro against the US Dollar (USD). However, despite this resurgence, the Euro is lagging behind other major...
Bearish and Bullish Engulfing Chart Patterns An engulfing pattern occurs when a larger candlestick completely "engulfs" the previous smaller candlestick. The pattern consists of two candlesne smaller candle followed by a larger one that closes...
