The currency pair is trading flat on the D1 chart, positioned at 1.04594. The InstaForex indicator, which I referenced from the forum, shows an equilibrium between buyers and sellers in the first part, with buyers holding a slight edge at 50.45%. In...
Engulfing Candle Chart Pattern The Engulfing Candle is a powerful candlestick pattern used in technical analysis to predict potential trend reversals in financial markets. It consists of two candles and appears in both bullish and bearish forms....
USD/JPY Price Summary Today has been quite interesting for the USD/JPY currency pair, which is currently trading around 149.62, continuing its bearish trend. A closer look at the H4 chart reveals that the price is situated below both the 50-period...
Understanding Bullish Momentum and Breakouts in the Forex Market The forex market is characterized by various price movements that traders analyze to make informed decisions. Two important concepts in this context are "bullish momentum" and...
GBPUSD Pair Price Recap There was no significant price movement in the GBPUSD market last Friday, although several high-impact fundamentals were released in both countries of the currency. The enthusiasm of buyers has decreased because the price is...
