A Hammer candlestick has a small body near the top of the candle, a long lower wick (at least twice the body length), and little to no upper wick. It forms during a downtrend and signals potential bullish reversal, as the long wick indicates...
The USD/JPY H4 chart illustrates a clear downtrend, as indicated by the declining price action and the price consistently trading below the red moving average, which appears to be the 50-period SMA. This moving average has acted as dynamic...
During the European session, the NZD/USD currency pair is trading within a narrow range, with low volatility in the market. The lack of news from New Zealand has shifted investor focus to the geopolitical situation and the opening of the U.S....
On Monday, the EUR/USD pair rallied towards the 1.0335 – 1.0346 resistance zone, rejected it, and reversed in favor of the U.S. dollar, dropping to the 23.6% Fibonacci retracement level at 1.0288. A rebound from this level would support the euro's...
XAU-USD PAIR REVIEW Today's gold condition is very interesting, there is a bearish movement with great strength when gold is still in a bullish trend, I see that the bearish movement that occurred today is part of the correction, but if you look at...
