Inside Bar Candle Chart Pattern The Inside Bar is a popular candlestick pattern used in forex trading, known for indicating potential breakout opportunities. It consists of two candles:How to Identify an Inside Bar Pattern The second candle (inside...
I observe that the USDJPY’s bullish structure on the hourly chart is strongly supported by technical indicators and price action. I note that the 120-period Moving Average (MA) positioned below the current price reinforces the dominance of buyers,...
Technical analysis of USDCAD Today I choose USD/CAD for technical analysis, the current market price is bearish. If the market price successfully breaks through the resistance level, the market price exits the channel, and then market price moves to...
GBP/USD Market Analysis Observing the H1 time frame, the price has tested the resistance (R1) 1.2994 several times but has not been able to consistently move up. The price that had passed the psychological level of 1.3000 stopped at high prices...
The USD/CHF pair experienced a significant reversal on Thursday, rebounding from a one-week low of 0.8755, reached during the early European trading session. This recovery was primarily fueled by the Swiss National Bank's (SNB) policy decision,...
