Evening Star Candlestick Pattern The Evening Star is a bearish candlestick pattern that signals a potential reversal from an uptrend to a downtrend. It consists of three candlesticks: Bullish Candle: A long, green (or white) candlestick that...
The spot price has been experiencing weakness, trading around the 1.0975 level as the US Dollar (USD) extends its decline. The USD Index, which measures the USD's value against a basket of six major currencies, has dropped toward the 102.50 level....
West Texas Intermediate (WTI) Oil prices are currently navigating a complex environment, influenced by expectations around Federal Reserve (Fed) interest rate cuts and developments within OPEC. As inflation in the U.S. slows, market participants are...
USD/CAD technical analysis Daily time frame: As I observed through the daily time frame, after experiencing an upward trend for three consecutive days, the USD/CAD pair finally started to experience a downward trend last Friday. The seller's next...
The GBP/USD pair is currently indicating a near-term positive trend, with the 14-period Relative Strength Index (RSI) showing strong upward momentum. The RSI is oscillating in the bullish region between 60.00 and 80.00, suggesting that the market is...