Date: 26th June 2024. Market News – European Stocks Follow US Gains, Inflation Pressures Rise in Australia. Financial Markets Performance: * The USDIndex firmed but off its 105.78 peak. * USDJPY held just below the critical 160 per Dollar level,...
The bullish and bearish breakaway candlestick patterns are key reversal indicators in technical analysis, suggesting potential trend changes in the market. Bullish Breakaway Pattern This five-candle formation indicates a possible reversal from a...
Analyzing the current state of the EUR/USD pair, it's evident that the exchange rate at 1.0684 reflects ongoing market dynamics. The current bearish trend indicates a decline in the value of the euro relative to the U.S. dollar. This downward...
What are Harmonic Patterns? Harmonic patterns are specific price formations that adhere to Fibonacci ratios, which are widely used in technical analysis. They are named after geometric structures like butterflies, crabs, bats, and more, each with...
EUR/GBP H-1 TIME FRAME CHART. #EURGBP (Euro/British Pound). According to the technical analysis of the currency pair/instrument on the H1 timeframe, trading at lower quotations looks very reasonable. The algorithm for choosing the most attractive...