Engulfing Candlestick Pattern in Forex Trading The engulfing candlestick pattern is a two-candle reversal signal commonly used in forex trading to indicate a potential change in market direction. It comes in two forms: bullish and bearish. 1....
ANALYSIS OF EUR/JPY PAIR. The EUR/JPY H1 chart shows a strong bullish momentum as price action surges toward the 162.12 level, testing a significant resistance zone. A clear uptrend has been established following a reversal from the last O156.25...
USDJPY Technical Analysis USDJPY is in a strong uptrend, trading well above the 150-period moving average. The price recently broke out of a bullish flag pattern, confirming the continuation of the uptrend. The volume profile indicates a strong...
AUDUSD Technical Analysis Good Evening. Today, I will discuss the AUDUSD pair. AUDUSD is trading at 0.6289, positioning itself between key support at 0.6230 and resistance at 0.6334. The Alligator Indicator, which consists of three smoothed moving...
EUR/JPY Market Analysis March 11, 2025 On the daily timeframe chart, the price movement that had fallen to its lowest weekly phase yesterday finally turned around and the next movement was more dominant in a bullish direction. The price increase...
