The Bullish Meeting Line candlestick pattern is a reversal pattern that appears in downtrends, signaling a potential change in market sentiment from bearish to bullish. What is the Bullish Meeting Line Pattern? Structure: It consists of two...
Technical analysis of AUDUSD Today I choose AUD/USD for technical analysis, the market price is currently between 0.6381 resistance and 0.6312 support. Market prices have now breached this resistance level and rebounded again, indicating that the...
EUR/USD consolidates in a tight range near 1.0500, with investors focusing on the Fed’s policy meeting. The Fed is widely expected to cut interest rates by 25 bps but to deliver slightly hawkish remarks on policy guidance. ECB’s Rehn said that...
Technical analysis and fundamental analysis are the two primary approaches to evaluating financial markets. While both have their merits, technical analysis often garners more popularity among traders for various reasons, which we will explore...
USD/CHF Here’s my take on USD/CHF for today based on both technicals and fundamentals: Technical Analysis The pair is trading around 0.8840, slightly below the 50-day moving average, which is acting as a key resistance. If USD/CHF breaks above...
