Forex Trading with GBP/ USD Prices We're studying the ongoing GBP/ USD currency pair price assessment. The daily candle pattern of the British Pound (GBP) against the US Dollar (USD) presents an exciting formation. However, I don't fully trust this...
What is shooting star candlestick pattern. A shooting star is a bearish candlestick with a long upper shadow, little or no lower shadow, and a small real body near the low of the day. It appears after an uptrend.Said differently, a shooting star is...
The pair exhibited a muted trading pattern on Monday, hovering near the 140.80 mark. While there was a slight downward movement, the currency pair remained within its daily trading range. Market participants were keenly anticipating the speech by...
EUR/GBP Price Analysis: Bearish momentum intensifies, buyers rejected by the 20 day SMA: The EUR/GBP pair extended its losses on Monday, declining to 0.8425. Technical indicators, including the RSI and MACD, suggest that selling pressure is...
Crude Oil: A Comprehensive Price Action Review The discussion currently revolves around the analysis of the Crude Oil price behavior. On the H4 CL chart, the second-to-last closed candle formed a bearish engulfing pattern, coupled with a rebound...
