Trend Line Chart Pattern: Introduction A trend line chart pattern is a fundamental tool in technical analysis, used to identify and confirm market trends. It consists of straight lines drawn on a price chart to connect significant highs or lows,...
Bullish Scenario: If the price reaches the demand zone and shows signs of a bullish reversal, such as a pin bar or engulfing pattern, this could be a strong signal to enter a long position. A successful bounce could see the EURCAD move back towards...
Technical analysis of USDJPY Today we will perform a technical analysis on USD/JPY. For this, technical analysis is required; we use different types of levels and indicators. If you look at the USD/JPY h1 time frame, the market price is currently in...
I have noticed a sudden shift in the situation with the Pound, and the Dollar is starting to gain strength in the market. This change could have a major effect on GBP/USD, likely replacing previous growth expectations with a drop towards the current...
The UK annual inflation data report (CPI y/y) which jumped more than expected, does not seem to make the outlook for the Pound Sterling currency strengthen against the Japanese Yen currency. If you look closely, the price actually decreased rather...
