General Points of XAUUSD: Currently, a bullish concept is increasing and the buyers are trading at 2689 right now. Hence, we can use different strategies in this market as the steadiness of unemployment data might temper some of the enthusiasm...
Morning Star Candlestick Pattern *Definition:* A bullish reversal pattern, signaling a potential end to a downtrend. *Characteristics:* 1. Forms after a downtrend. 2. Three-candle pattern: - Candle 1: Large bearish candle. - Candle 2: Small bearish...
A Pennant pattern is a continuation chart formation observed in financial markets when a security undergoes a significant price movement followed by a brief consolidation before continuing in the same direction. This pattern resembles a small...
We're concentrating on the assessment of the GBP/USD pair's price movements. Meanwhile, the EUR/USD exchange rate between the euro and the U.S. dollar is undergoing significant shifts due to a combination of technical and fundamental drivers. The...
General Points of GBPJPY: We can feel that the GBP/JPY market is strengthening the position of buyers. A bullish sentiment is still present in the market. However, we should keep in mind that the market has already risen significantly, and it may...