The Hammer Candlestick Pattern is a bullish reversal pattern that typically forms at the bottom of a downtrend. It is characterized by a small real body at the top of the candlestick and a long lower shadow, usually at least twice the length of the...
The Japanese Yen (JPY) enters Thursday’s North American session with notable strength, posting a 0.8% gain and outperforming its G10 peers. This upward momentum is underpinned by a blend of macroeconomic factors and market sentiment. The mild...
The EUR/AUD H1 chart reveals a notable transition in market sentiment over the course of April. Initially, the pair displayed a strong bullish trend, with a sharp upward movement in the first week, pushing prices from below the 1.7200 level to a...
This morning, the AUD/USD currency pair tested its recent low around the 0.6350 level, which marked the lower boundary of its trading range. Following this test, the price rebounded and moved higher, currently trading around 0.6380. The recent price...
What is a Flag Chart Pattern? In forex trading, a flag chart pattern is a continuation pattern that indicates a brief consolidation before the market continues in the direction of the prevailing trend. It resembles a flag on a pole — the initial...
