Understanding Bullish Momentum and Breakouts in the Forex Market The forex market is characterized by various price movements that traders analyze to make informed decisions. Two important concepts in this context are "bullish momentum" and...
On Friday, the EUR/JPY pair experienced a volatile trading session, initially climbing to an intraday peak of 158.23 before subsequently retracing to around 157.50 during the European session. This reversal was primarily attributed to the release of...
Engulfing Candle Chart Pattern The Engulfing Candle is a powerful candlestick pattern used in technical analysis to predict potential trend reversals in financial markets. It consists of two candles and appears in both bullish and bearish forms....
US West Texas Intermediate (WTI) crude oil prices experienced an upward trend on Monday, despite the absence of significant news during the US trading session. The increase occurred amidst thin trading volumes, as US markets were largely closed for...
Current Market Situation of EUR/USD The EUR/USD currency pair is presenting an interesting scenario on the H1 chart. The price is currently trading between a support level of 1.0310 and a resistance level of 1.0380. This price action indicates that...
