The price action of a Bullish Harami candlestick pattern involves a specific sequence that signals a potential reversal from a bearish trend to a bullish trend. Here's how the price action unfolds: 1. Downtrend Presence: The market is in a...
The GBP/USD pair has experienced a notable upward trend in recent weeks, reaching a 29-month high in August. However, the pair's momentum has slowed, and it is currently trading in mid-range territory, influenced by a relatively quiet UK economic...
US Crude Oil Current Fundamentals: WTI crude oil prices are being influenced by several key factors on the global stage. A significant concern is the slowdown in China’s manufacturing sector, which has weakened in August, casting doubts on global...
The EUR/USD pair began the new trading week with a cautious optimism, finding support near the 1.1050 level. This slight uptick came amidst a backdrop of thin trading volume due to the Labor Day holiday in the United States. As US markets reopen...
GBP/USD Price Movement The analysis of the price behavior of the GBPUSD currency pair is currently open to discussion. Monday, September 2, 2024 saw the GBPUSD currency pair fail to break above the support area level at a price of 1.3110 to the...