Traders often use engulfing patterns in combination with other technical indicators to confirm potential trend reversals. It's important to note that while engulfing patterns can be powerful signals, they are not infallible, and other factors should...
EURCAD Daily Outlook The EUR-CAD exchange rate has risen sharply this month to a stunning 1.5000 to 1.5855. This is the highest level since August 2020. This strong growth is the result of a combination of factors, including market sentiment,...
I believe the current market movement is quite dynamic, with prices initially moving briskly downward before suddenly surging upward by 200 points. I think this upward momentum is likely to continue, and I expect the price to rise even further by...
USDJPY Technical Analysis USDJPY is in a strong uptrend, trading well above the 150-period moving average. The price recently broke out of a bullish flag pattern, confirming the continuation of the uptrend. The volume profile indicates a strong...
GBP/USD Technical Analysis and Forecast The GBP/USD market trades at 1.29566, showing strong bullish momentum. The pair faces resistance at 1.30000 and support at 1.28700 on the daily chart. This uptrend was primarily driven by weak US economic...
