Our current focus is assessing the price action of the AUD/ USD currency brace. Another important factor driving the decline is the CCI index, which, on the daily map, is falling from the upper overheating zone. During this period, a bearish...
The USD/CAD currency pair experienced a surge in demand during the Asian trading session on Thursday, likely driven by bargain hunting activity. This upward movement followed a recent three-week high near the 1.3620-1.3625 region reached the...
Dark Cloud Cover Chart Candlestick Pattern The Dark Cloud Cover is a bearish candlestick pattern used in technical analysis, signaling a potential reversal in an uptrend. It consists of two candles and occurs after a prolonged uptrend. Here's a...
What is the Triple Top Pattern? The triple top is a type of chart pattern used in technical analysis to predict the reversal in the movement of an asset's price. Consisting of three peaks, a triple top signals that the asset may no longer be...
The euro experienced a slight dip at the start of the week and selling pressure intensified early on Monday. However, the trend shifted when the European Central Bank (ECB) announced a rate cut and maintained a somewhat hawkish stance in the short...