The USD/CHF currency pair is currently trading at around 0.8332, with a persistent bearish trend. Over the past several trading sessions, the pair has been moving slowly, reflecting the overall weakness in the US dollar and the relative strength of...
Bearish and Bullish Engulfing Chart Patterns An engulfing pattern occurs when a larger candlestick completely "engulfs" the previous smaller candlestick. The pattern consists of two candlesne smaller candle followed by a larger one that closes...
The AUD/JPY currency pair is currently trading around 147.50, with the market exhibiting a bearish trend. This indicates that the Australian dollar is weakening against the Japanese yen. The bearish trend could be attributed to various factors,...
The Euro saw a slight recovery during the trading week, reaching the 1.11 level. However, the movement was rather lackluster, characterized by noisy price action. It is important to note that while the Federal Reserve is expected to cut interest...
Understanding Three Stars in the South Candlestick Pattern One of the rare patterns that indicates a bullish reversal pattern is the three stars in the south pattern. It's taken place after a decline, signifying the beginning of the end of the bear...