The NZDUSD currency pair formed a bullish engulfing pattern on the H4 time frame yesterday, which is generally considered a strong bullish signal. However, it is crucial to note that no confirmation candle has appeared following this pattern,...
The Australian Dollar (AUD) continued to decline against the US Dollar (USD) on Thursday, struggling despite a rise in Australia's Consumer Inflation Expectations, which increased to 4.6% in February from 4.0% previously. The AUD/USD pair remains...
On-Neck Chart Pattern The On-Neck Chart Pattern is a candlestick pattern used in technical analysis to predict potential market trends. It generally occurs in a downtrend and signals possible continuation of the bearish movement. Here's how the...
NZD/USD Struggles as Traders Brace for Key Market Events(February 13,2025) NZD Slips as U.S. Dollar Holds Firm The New Zealand dollar is facing a rough trading session, slipping against the U.S. dollar as market forces push it lower. The NZD/USD...
GBP/USD continues to exhibit bullish characteristics, with technical indicators supporting the case for further gains as long as the pair holds above 1.2417. This key level acts as a critical support zone, ensuring that the market retains an upward...
