A Double Top pattern is a bearish reversal chart pattern that signals a potential change in market direction from an uptrend to a downtrend. It is one of the most widely recognized and reliable patterns in technical analysis. The Double Top forms...
USD/ CAD The brace has halted its 11- day rally, now trading around the 1.3590 position during Friday's US session. The price set up support from advanced request sentiment, fueled by a stronger- than- anticipated recovery in US Retail Deals, which...
USD/CHF The week was great for USD/CHF buyers because the upward correction ended where it should have, that is, at the target level of 61.8% Fibonacci retracement. The price rose very quickly after buyers broke through the four-hour 200th moving...
EURCHF pair which is consolidating around the EMA 50, it appears to be between the pivot point (PP) 0.9408 and the resistance (R1) 0.9465. If the price will continue the downward rally in accordance with the bearish trend, it needs to pass the pivot...
Hammer Candlestick Chart Pattern The Hammer candlestick pattern is a popular single-bar formation used in technical analysis, signaling potential bullish reversals in the market. It is widely used by traders to identify the end of a downtrend and a...