Definition of Hammer Candlestick: The Hammer candlestick is a bullish reversal pattern that signals a potential bottom or support level. It's characterized by a small body and a long lower wick, typically twice the length of the body, indicating...
USD/CAD/H1 On Friday, the Canadian dollar (CAD) made a meager comeback, rising from most of its major currency peers and recovering only a tenth of a percent against the US dollar (USD). The market is cautious due to an unexpected decline in the...
EUR/USD H1 ANALYSIS. The price action of the EUR/USD currency pair will be the focus of our investigation and discussion. The EUR/USD channel is moving sideways, as shown on the H4 chart. We can anticipate a rapid decline from the current levels if...
GBP/USD pair is falling towards the 1.2650 level. Divergent Fed-BoE policy approaches and anxiety ahead of the UK election keep the pair vulnerable despite the risk appetite. Attention is focused on mid-range US data, as the UK calendar data is dry....
The USD/JPY currency pair continues to demonstrate resilience even in the face of a localized weakening of the US dollar. This robustness is particularly evident on the H-4 (four-hour) chart, where a notable pin bar pattern is emerging. Though still...