What is dragonfly doji candlestick pattern in forex trading Introduction Candlestick patterns are a cornerstone of technical analysis in Forex trading, offering traders a visual representation of price movements and market sentiment. Among these,...
GBP/USD D1 chart The GBP/USD currency pair traded in positive territory during the Asian trading session on Friday, supported by the ongoing weakness in the US dollar. Market participants are eagerly awaiting the release of the US non-farm payrolls...
A symmetrical triangle chart pattern primarily symbolizes a volatility contraction in the market. In other words, the is slowly shrinking and may soon break out or break down. This pattern is observed when a share’s price is consolidating in a...
USD/CHF PAIR ANALYSIS Yesterday, USD/CHF showed significant strength from buyers, as seen from the price's success in breaking through the resistance at 0.84939. This movement indicates a strong buying interest after the price was at a low level for...
Let's analyze the currency pair USD/CHF taking H4 time frame for analysis. The USD/CHF currency pair is exhibiting a downward trend, currently trading at 0.8460. The day's prices ranged between 0.8457 and 0.8497. Technical analysis shows selling...