The EUR/USD pair shows positive momentum while trading above the pivot point at 1.1348 during today’s European market session. As long as EUR/USD maintains its position above 1.1348, the bullish outlook for the pair will likely remain intact....
On a daily basis, gold prices have been moving within a channel pattern, yet lately, the pattern has begun to show signs of weakness. For more than three months, the yellow metal has been drifting sideways, suggesting a period of consolidation. Most...
The USD/CAD pair remains under pressure while trading below the key resistance level of 1.3907 in the current market conditions. Technical indicators confirm the bearish scenario, with the Relative Strength Index (RSI) positioned firmly below the...
The GBP/JPY currency pair is showing strong bullish momentum, maintaining a position above the important pivot level set at 190.62 today. Technical indicators support this bullish outlook, with the RSI indicator positioned comfortably above the...
The pattern emerges during a clear downtrend. The first candle is a bearish one, and the second is bullish, opening lower than the previous day’s close, but closing more than halfway into the body of the previous day’s candle. Always wait for the...
