What is a Pennant Pattern? A Pennant Pattern is something I often look for when analyzing charts because it helps me anticipate potential price movements. It usually forms after a sharp price movement, called the "flagpole," followed by a period of...
The pair experienced sharp gains on Thursday, reaching near 149.80 during the European session. Despite this rise, the pair faced selling pressure as the pair strengthened, driven by hawkish commentary from Governor Kazuo Ueda on interest rates....
Price Action Analysis: Crude Oil The topic of discussion is the analysis of the Crude Oil price behavior. The ongoing tension between Israel and Iran could escalate at any moment, meaning the market cannot stay calm indefinitely. For now, while the...
The GBP/USD exchange rate has been trading in a narrow range between 1.3100 and 1.3000 for the past four trading sessions, indicating a lack of clear direction in the market. This range-bound trading is primarily due to uncertainty surrounding the...
The EUR/USD currency pair is currently trading around 1.8558, and the prevailing trend remains bearish. Over recent sessions, the market has moved slowly downward, reflecting a gradual decline. However, there are signs that a larger movement could...