The Baby Swallow pattern, also known as the Bullish Engulfing pattern, is an important candlestick indicator of the potential to turn from a downtrend to an uptrend in the forex market Here is a brief guide to recognizing and following this...
Observation and forecasting of the movement of the Australian Dollar / US Dollar currency pair. Time frame - 4 hours. We will conduct a constructive analysis and examine in detail the current data and indicators of technical analysis Extended...
The wave pattern on the 4-hour chart for the EUR/USD pair remains unchanged. Currently, we observe the formation of the presumed wave 3 within wave 3 or c of the bearish part of the trend. If this is indeed the case, the decline in quotes will...
After USD/JPY broke through the psychological 160.00 mark, there was growing talk of Japan’s imminent intervention in the foreign exchange market to stop the yen’s collapse. It hit the highest resistance level since 1986 at 160.86 and stabilized...
The bearish belt holding pattern is a candlestick example of the possibility of a bearish reversal in the forex market. It is usually at the end of a trend and indicates that market sentiment may be moving from trend to trend downward. Here is a...