A piercing pattern is a two-day candlestick price pattern that includes a trading range of average or greater size on the first day, with the opening near the high and the closing near the low. A piercing pattern indicates a potential short-term...
Bitcoin's Positive Dynamics Bitcoin is currently at a pivotal juncture, testing a major downtrend resistance line after a strong rally that pushed the price close to 68,000. The prior day’s shooting star candle suggests some exhaustion from the...
The euro fell slightly in early trading on Wednesday but quickly rebounded, suggesting a potential recovery effort. This reversal suggests that the euro could attempt another rally and challenge the 200-day exponential moving average (EMA), a...
Important Keywords for USDJPY: Today, the USD/JPY market has shown some unusual movement, largely influenced by the Empire State Manufacturing Index and other USD-related news events. While we haven’t seen any major news from Japan, USD news alone...
AUD-USD PAIR ANALYSIS Tracing back the price movement in the market on Tuesday, sellers were still able to maintain their dominance in the market. Prices moved down amidst the distractions that buyers continued to provide. The EMA 36 H1 functions...