WHAT IS MORNING STAR CANDLESTICK PATTERN 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...
The price traded weaker around 1.0810 during Thursday’s Asian session, reflecting pressure from a broadly softer US Dollar. Traders are closely watching upcoming events, including speeches from several US Federal Reserve (Fed) officials, such as Fed...
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...
Silent Words for USDCAD: Currently, the market of USDCAD is trading at the 1.3793 level. Or we can say that the buyers are about to start increasing their value because the market trend is also on the bullish side. Hence, we should set our trading...
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...