Engulfing Candle Chart Pattern The Engulfing Candle is a popular chart pattern used in technical analysis, particularly by Forex and stock traders. It signals potential reversals in market trends and is formed by two consecutive candlesticks. Types...
GBP/USD Fundamental Analysis: Lately, I’ve noticed a mix of signals impacting GBP/USD. UK GDP figures showed a slight contraction, raising concerns about economic growth. Still, better-than-expected retail sales data gave some hope. On the US...
Good afternoon. On Friday, Pound sellers did not allow buyers to start forming an upward movement, and by the end of the session they updated the local minimum at 1.26290 and were able to consolidate below it. Now, the level of 1.25087 is their...
Shooting Star Candlestick Chart Pattern The Shooting Star is a popular bearish candlestick chart pattern often used in technical analysis to signal a potential reversal in an upward trend. Here's a breakdown of its characteristics and significance:...
The EUR/GBP pair is displayed on a 1-hour timeframe, providing insight into short-term price movements. Below is a detailed analysis of the chart based on key indicators and market dynamics. Price Trend and Moving Average Analysis The red line on...
