Morning Star Candlestick Chart Pattern in Forex Trading The Morning Star is a well-known bullish reversal pattern in Forex trading. It typically forms after a downtrend and signals a potential reversal to the upside. The pattern consists of three...
Market Fundamentals: The New Zealand Dollar (NZD) continues to struggle as the Reserve Bank of New Zealand (RBNZ) aggressively slashed its Official Cash Rate (OCR) by 125 basis points (bps) to 4.25% over three consecutive policy meetings. This...
After giving up daily gains, EUR/USD continues its downward trend, trading around 1.0280 on Tuesday during the Asian session. A 10% tariff imposed on China causes the pair to weaken as the US dollar gains value. Trump, however, stated on Monday...
Market Fundamentals: Analysts at the Bank of Montreal (BMO) anticipate that the Bank of England (BoE) will maintain its interest rate at 5% in the upcoming meeting, citing multiple influencing factors. Given the current composition of the Monetary...
USD/JPY USD/JPY is showing some interesting price action today, with both technical and fundamental factors driving the market. Technical Analysis: Yesterday, the pair faced some selling pressure, breaking below 154.96 and nearly touching 153.75...
