Bear flag patterns are technical chart formations that signal the continuation of a downtrend in the forex market. These patterns are commonly used by traders to identify potential entry points for short positions, allowing them to capitalize on the...
GBP/USD Technical Analysis This week, the price trades within two channels, one of which is bearish, colored red and represents the price movement during the previous week, considered a bearish corrective movement. This means that we have a blue...
The pair experienced a decline during the North American session, primarily due to weaker-than-expected employment data from the UK, which undermined the Pound Sterling. Consequently, the major currency pair traded at 1.2660, down by 0.11%. This...
Analyzing the dynamic pricing behavior of the USD/JPY currency pair on the M15 time frame during a typical trading day reveals fascinating insights into market movements and potential trading opportunities. This pair, influenced by economic data,...
AUD/USD currency pair, currently trading at around 0.6685, has been experiencing a bearish trend. This decline suggests a period of weakness for the Australian dollar (AUD) against the US dollar (USD). Several factors could be contributing to this...