The Hanging Man pattern is a candlestick pattern used in trading to predict price movements. It's called a "hanging man" because the candlestick looks like a person hanging from a rope. This pattern forms when a small body (the "head") is suspended...
D1 Chart Analysis of AUD/USD The AUD/USD currency pair is currently experiencing a strong downtrend. Despite some recent hesitation, the overall bearish momentum remains intact. The upward wave structure was decisively broken when the current...
AUD/USD (Australian Dollar / US Dollar) Technical Analysis Introduction: The AUD/USD currency pair presents a strong opportunity for a profitable trade based on technical analysis on the H1 timeframe. This analysis identifies key stages to determine...
NZDUSD D1 Analysis Market Overview The NZDUSD pair is currently exhibiting a strong downtrend on the D1 timeframe. Price action has been consistently forming lower highs and lower lows, indicating a sustained downward momentum. Support and...
Good evening fellow traders, if you look at what happened this week, especially on the H4 TF, it is clear that this pair is still able to continue its decline again strongly, at least, even though in fact the USDJPY itself had tried to make a...