The US dollar (USD) is showing strong gains, and the DXY index is attempting to break out of its recent consolidation on the short-term chart. The DXY's decline since late last week has formed a bull flag pattern, and a sustained move above the...
Evening Star Chart Pattern The Evening Star is a bearish candlestick pattern often observed in financial charts, such as those used in stock or forex trading. It typically signals a potential reversal from an uptrend to a downtrend, making it an...
Welcome to Today’s Live Trading Discussion: Insights on USD Index Gold Good morning, everyone! Let’s dive into today’s trading analysis, starting with the USD index and its impact on Gold. Yesterday, the USD index closed on a strong bullish note,...
Red Candlestick Chart Pattern The Red Candlestick Chart Pattern refers to the visual representation of a price action in candlestick charts, where a candlestick is colored red to indicate a price decline during the chosen time period. These patterns...
THE CURRENCY PAIR USD-JPY already managed to jump since the market opened, and on the H1 candle, tails were left both at the top and at the bottom, introducing some confusion during the analysis. It seems logical to say that neither up nor down...
