EUR/USD ANALYSIS D1 period chart EURUSD currency pair. The first trading day was rather sluggish, they sawed it off on the spot. The sellers dominated the previous week and it was already clear in advance that there was a high probability of a fall....
Today, we observed a bullish scenario in the NZD/USD market as it successfully crossed the 0.6245 zone. New Zealand’s GDP rate came out better than expected, providing support to the NZD/USD pair. Traders who follow a macroeconomic-based approach...
Frypan pattern The frypan pattern, or "rounded bottom" pattern, is something I've found particularly interesting in technical analysis. It's a chart formation that tends to signal a bullish reversal, suggesting that a stock or asset that’s been on...
The USD/CHF currency pair is currently trading around 0.8542, and the overall market trend appears to be on the bearish side. This decline indicates that the U.S. dollar has been weakening against the Swiss franc. A bearish trend is often marked by...
Evening star candlestick pattern in forex trading. The evening star candlestick pattern is a three-candlestick formation that typically appears at the top of an uptrend. It acts as a bearish reversal signal, indicating that the current uptrend will...
