Yesterday the gold market movement could still go lower although the movement was not huge. The candlestick could move from the area of 2656.55 to a price of 1637.61. Perhaps this happened because the market was early in the week and market players...
EURUSD Price Action in View Our discussion focuses on the pricing behavior of the EURUSD currency pair, which we're analyzing. The EURUSD currency pair may create a new support area at a price of 1.0850 to the support area level at a price of 1.0850...
The spot price experienced dip-selling pressure during Thursday's Asian session, leading to a drop near mid-1.2970. Despite this pullback, a mix of factors may limit any further declines. The recent price action has generated mild downward momentum....
Morning Star Candlestick Pattern *Definition:* A bullish reversal pattern, signaling a potential end to a downtrend. *Characteristics:* 1. Forms after a downtrend. 2. Three-candle pattern: - Candle 1: Large bearish candle. - Candle 2: Small bearish...
What are Pennant Patterns? Pennant Pattern is a continuation pattern formed by large currency pair price movements that help identify the direction in which currency pairs are headed. The pattern resembles the shape of a flag, which denotes a...