Doji Candlestick Chart Pattern The Doji candlestick is a popular chart pattern used in technical analysis. It is a single-candle formation that indicates indecision in the market. The pattern is characterized by a very small body, where the open and...
Good Night, traders! Welcome to today’s live market discussion. Yesterday, the USD Index closed on a bearish note, dipping from 102.60 down to the 102.30 level. Currently, the index remains unstable, attempting to retest the 102.35 level. While it...
THE CURRENCY PAIR AUD-USD The wave structure is still in ascending order, but the MACD indicator is already in the lower sales zone and below its signal line. When the price had not yet fallen so much, I said that a decline was expected in the near...
The GBP/USD currency pair has been experiencing significant fluctuations, particularly in the context of recent market dynamics. While the pair has shown resilience, its failure to maintain levels above the 50-day exponential moving average (EMA)...
USD-JPY Technical Analysis – 08 October 2024 In carrying out this analysis I used the help of indicators: • Simple moving average period 150 • 60 period simple moving average • MACD indicator (12,26,9) • Relative Strength Index 14 indicator The...