The Hanging Man is a significant candlestick pattern used in technical analysis of financial markets. It is a single-candle formation that often signals a potential reversal in an asset’s price trend. Typically, it is found at the top of an upward...
Technical analysis of the EURUSD pair During the previous two weeks, an upward wave was formed, then a downward wave, and thus the price started trading this week within the price channels shown on the 4-hour chart. The price received support at...
As of Friday’s late European session, the spot price is fluctuating within the day’s trading range, remaining below the crucial 144.00 level. The pair has faced challenges due to the Federal Reserve's expected dovish approach to interest rates,...
The Gravestone Doji is a specific candlestick pattern used in technical analysis to signal potential market reversals, particularly after an uptrend. This pattern is visually distinct, forming when the open, low, and close prices are at or near the...
The AUD/USD pair surrenders its intrady gains and turn negative in Friday's North American Session. The Aussie asset slumps to near 0.6700 in the aftermath of the United States(US) Nonfarm Payrolls NFP data for August, which increases buying...