PIERCING LINE CANDLESTICK PATTERN Piercing Line Candlestick Pattern *Definition:* A bullish reversal pattern, signaling a potential end to a downtrend. *Characteristics:* 1. Forms after a downtrend. 2. Two-candle pattern: - Candle 1: Large bearish...
The yield on the benchmark 10-year U.S. government bond has dropped to its lowest level since mid-2023, as traders now price in a nearly 100% probability of a 50-basis point rate cut by the Federal Reserve in October. This overshadowed Tuesday's...
West Texas Intermediate (WTI) oil faces increasing pressure due to slowing demand from China, the world's largest oil consumer. China's economy continues to grow at a sluggish pace, and recent data showed that its manufacturing activity hit a...
USD/CAD Technical Analysis: Current Price Action and Outlook Our attention is on analyzing the USD/CAD currency pair, which is now in consolidation after reaching a high of 1.3836 in the past few sessions This was followed by a corrective move,...
The pair has seen an upward push around the 1.3790 level during the early U.S. session on Thursday. Escalating geopolitical tensions in the Middle East has provided some support for the commodity-linked price, adding pressure to the exchange rate....