The AUD/USD pair is currently showing an intriguing pattern on the H1 chart, reflecting a period of consolidation following a pronounced downtrend. This consolidation phase, characterized by a narrow range between the resistance at 0.6250 and the...
The EUR/USD H1 chart provides valuable insights into the interplay between technical levels, price momentum, and trader sentiment over a multi-week timeframe. Initially, from early to mid-December, the pair follows a clear downtrend, characterized...
GBP/USD Technical Analysis and Sentiment Review The GBP/USD market is currently in a downtrend. Today, it rose to 1.23425 but encountered resistance and started to decline. It is currently trading at 1.22759, showing bearish momentum. On the hourly...
AUD-USD PAIR ANALYSIS There are still signs of an increase which makes the bullish attempt seem to still get a strong response from the buyer so that the price flies back up towards the simple moving average zone of period 100. In the trading...
Bullish Engulfing Chart Pattern The Bullish Engulfing Chart Pattern is a widely recognized candlestick pattern used in technical analysis. It signals a potential reversal in the market trend, typically indicating that a downtrend may be coming to...
