Shooting stars are used to reverse call movements. Shooting stars appear at the top of an uptrend when a move loses momentum. Shooting stars are inverted hammer candles, as in an inverted hammer pattern. The open, low, and close prices of the candle...
AUD/ USD Price: Key Patterns Our topic of discussion is the analysis of the AUD/ USD currency pair's price movements. For the AUD/USD currency pair, the current situation shows a noticeable dominance of sellers in the order book. Overall, this pair...
USD/ CAD Price Action Summary Our current focus is evaluating the price action of the USD/ CAD currency pair. The USD/ CAD pair on the H4 chart has already formed a new upward channel. A bearish engulfing pattern emerged on Friday; the last two...
The EUR/USD currency pair is showing promising signs of a bullish continuation, especially as it approaches the critical support level at 1.1125. This level is important because if the price can break and sustain above it, it signals a strong...
The Australian dollar fell during the week, likely influenced by the rate cut by the Reserve Bank of New Zealand, which also pushed the New Zealand dollar lower. As the Australian and New Zealand currencies tend to move in tandem, it is worth...