What Is The Piercing Candlestick Pattern The "Piercing" candlestick pattern is a Japanese candlestick analysis pattern that forms at the end of a downtrend and signals an upward trend reversal. The pattern is formed with two candlesticks: First, a...
The AUD/USD 1-hour chart illustrates a clear downtrend, with the pair trading around 0.66708, consistently making lower highs and lower lows since early October. The price has been struggling to find significant upward momentum, with attempts to...
The Three Stars in the South is a rare bullish reversal pattern consisting of three progressively smaller red bearish candlesticks. This pattern indicates that bearish momentum is weakening, giving bulls a chance to regain momentum. Some traders...
Important Keywords for USDJPY: Today, the USD/JPY market has shown some unusual movement, largely influenced by the Empire State Manufacturing Index and other USD-related news events. While we haven’t seen any major news from Japan, USD news alone...
For the USDX index, tonight entering the USD hour session the price had experienced a decline but not long after that the USDX index started trying to rise again so that the current price is trying to test supply and resistance at the price level...