Piercing line Candlestick Chart Pattern The Piercing Line is a bullish candlestick reversal pattern that appears after a downtrend and signals a potential shift in momentum from bearish to bullish. It consists of two candles: Characteristics of the...
Forecast of Gold On the H4 time frame chart, the price of Gold is running in an ascending channel. As the price increased and decreased, it challenged the bottom and top levels of the ascending channel two or three times. On the H4 time frame chart,...
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...
Forecast of Crude Oil As I indicated in the attached diagram, the price of Crude Oil has been trading in the range zone for the past few trading days. The price level of 73.29 is the range zone's resistance level, and the price level of 70.24 is its...
T E C H N I C A L _ A N A L Y S I S N Z D / U S D Good morning and best wishes to all of us. NZD/USD is trading at 0.5736 at the time of writing. If you look at the history of yesterday's market movements, it seems that sellers are starting to...
