•••EUR/JPY: Navigating the Sideways Market••• The EUR/JPY currency pair has been stuck in a sideways market for quite some time, with neither bulls nor bears able to gain a definitive upper hand. Despite several attempts to push through key...
Hello traders, welcome to a new post on the Forex blog. In this article, we will look at the short-term Elliott wave analysis of AUDUSD. We believe that the forex pair is still in a bearish correction cycle since the end of September 2024. So the...
The pair experienced a sharp decline on Thursday, dropping by half a percent and marking one of its worst trading sessions in the latter half of the year. This downturn followed disappointing Purchasing Managers Index (PMI) data from across the...
PIERCING LINE CANDLESTICK PATTERN Piercing Line Candlestick Pattern *Definition:* A bullish reversal pattern, signaling a potential end to a downtrend. *Characteristics:* 1. Forms after a downtrend. 2. Two-candle pattern: - Candle 1: Large bearish...
Wrong and by...