The current market landscape reveals a notable bearish sentiment, characterized by persistent selling pressure that has emerged around the critical price levels of 0.87460 to 0.87743. This range has proven to be a significant barrier for buyers,...
USD/CHF The price is within an inverted triangle. Earlier today, it dropped to the lower boundary of this triangle, reaching 0.8242 before reversing upward. The pair will likely continue climbing, potentially reaching 0.8488. Once it hits this...
The U.S. dollar index (DXY) rallied strongly this week, boosted by expectations of a 25 basis point Fed rate cut in November and safe-haven flows amid rising tensions in the Middle East. Meanwhile, the GBP/USD pair saw a sharp sell-off following...
On the GBP/USD W1 time frame chart, the currency pair is currently trading at 1.3153, and the overall market sentiment appears to be leaning toward the bearish side. Over the past few weeks, the pair has experienced a gradual downward trend,...
Harami Candlestick Chart Pattern The Harami candlestick pattern is a two-candlestick pattern commonly used in technical analysis to identify potential reversal points in the market. The term "Harami" means "pregnant" in Japanese, as it visually...