The rounding top candlestick pattern, often referred to as a saucer top, is a critical formation in forex trading that signals a potential reversal from an uptrend to a downtrend. This pattern is characterized by its distinct, curved appearance,...
USDJPY MARKET ANALYSIS On Wednesday (June 26), USD/JPY hit an intraday high of 160.82, the highest since December 1986, and closed at 160.69, up 0.7% in late trading. So far this year, USD/JPY has risen by about 14%. Investors continue to take...
Gold market analysis On Wednesday (June 26), gold prices fell nearly 1%, hitting a low of $2,293.49, the lowest level since June 10, and closed at $2,297.91 per ounce. The market continues to digest the possibility that the Federal Reserve is...
Gold has given bearish signals on daily and weekly charts, indicating further potential downside. The downward flag on the daily chart and the shooting star on the weekly chart suggests that gold could fall below the recent swing low of 2,287. The...
The EUR/USD currency pair, currently at 1.0692, is showing a bearish trend. While the market has been moving slowly, there are several reasons to believe that a significant movement might be on the horizon. ### Current Market Sentiment and Trends...