EUR/JPY TECHNICAL ANALYSIS: On the EUR/JPY H1 time frame chart, the currency pair has been trading in a well-defined sideways range for an extended period. Despite several attempts to break above the 15-week high, the EUR/JPY pair has repeatedly...
What is morning star candlestick pattern in forex trading. A morning star is a visual pattern consisting of three that are interpreted as bullish signs by technical analysts. A morning star forms following a downward trend and it indicates the...
Detailed Breakdown of USD/JPY The USD/JPY currency pair has shown increased volatility recently, with price action fluctuating around key technical levels. Currently, the pair is hovering near the 150.15 mark, where the 200 Exponential Moving...
GBP/USD Forex Signal: Sterling Could Get Pounded Bearish View Sell the GBP/USD pair and set a take-profit at 1.2890. Add a stop-loss at 1.3150. Timeline: 1-2 days. Bullish View Set a buy-stop at 1.3140 and a take-profit at 1.3250. Add a stop-loss at...
A piercing pattern is a two-day candlestick price pattern that includes a trading range of average or greater size on the first day, with the opening near the high and the closing near the low. A piercing pattern indicates a potential short-term...