Trading using red candlestick patterns involves identifying bearish signals that could indicate a price drop or continuation of a downtrend. A red candlestick typically represents a closing price lower than the opening price, showing selling...
The spot price recently hit a fresh 13-month low, dipping near 1.0900 during last week’s trading session. The price came under pressure after the data for October indicated stronger-than-expected inflation. As of now, the pair trades around the...
The EUR/USD currency pair is currently in a downward trend, reaching a new 54-week low and falling below the 1.0500 level. This decline is primarily driven by the strength of the US Dollar and the weak economic outlook for the Eurozone. The US...
The NZD/USD currency pair continued its downward trend on Thursday, reaching new lows. This decline is primarily driven by a combination of factors, including a weaker New Zealand Dollar and a stronger US Dollar. The New Zealand Dollar has weakened...
GBP/USD Market Outlook The GBPUSD pair price movement until now remains in a bearish trend. The increase in the UK inflation results (CPI) released yesterday did not seem to support the outlook for the Pound Sterling currency. The price was again...
