The 25 basis point cut by the ECB has probably been fully factored in. The current high expectation of a further ECB rate cut in December faces an increased risk of overvaluation. Watch for key medium-term support at 1.0780/0750 on EUR/USD. Over the...
H4 period chart - AUDUSD currency pair. The wave structure built its order downwards. The MACD indicator is already in the lower sales zone, although now it is again above its signal line, which indicates an upward correction. When the price had not...
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...
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 bearish candle. - Candle 2: Small bearish...
GBPUSD Last week there were seven signals for the pound dollar. Two of them worked. And basically all the signals were false, they were false mainly due to the fact that from Tuesday to Wednesday the price was trading in a range. When it is trading...