EUR/JPY H1 The EUR/JPY currency pair has been stuck in a narrow trading range between 168 and 170 for over a month. This period of consolidation has seen a decline in buying interest, while selling pressure has started to mount. Sellers seem to be...
Today, we will conduct an in-depth analysis of the price movements of the GBP/USD currency pair. Observations from yesterday's daily candle on Friday indicate that the price reached the lower limit of the three-line Bollinger Bands indicator. This...
Developing and implementing a Forex system requires many steps, from initial research planning to implementation to ongoing operations. Here’s a comprehensive guide on how to put your forex strategy to work: Step 1efine your goals and risk tolerance...
A confident bullish candle has formed on the gold chart, closing near its highs without a proper correction. This pattern is a strong indication of continued upward momentum. Bullish candles generally suggest that buyers are in control and pushing...
The Spinning Top candlestick pattern is a type of candlestick that signifies indecision in the market. It is characterized by a small real body (the difference between the opening and closing prices) and long upper and lower shadows (wicks). This...