The pair reversed its earlier losses and registered modest gains of over 0.09% on Monday, bolstered by renewed strength in the US Dollar. Despite this rebound, the pair remains vulnerable to key economic data expected later in the week. Currently...
What is the Morning Star Pattern? A morning star candlestick pattern is a three-candle formation used in technical analysis by traders to identify bullish reversals. The pattern forms in a specific order, starting with a large red candle, a second...
The spot price began in October with a slight decline, trading around 1.3055, down by 0.32% during the North American session. With US financial markets closed in observance of Labor Day, the session is expected to remain quiet. Traders are eyeing...
On Monday, the spot price managed to pause its recent decline against the DXY, with investors turning their attention to potential gains following the release of the September meeting minutes. These minutes indicated that the cash rate is likely to...
Moving Average Convergence Divergence Indicator (MACD) The Moving Average Convergence Divergence (MACD) indicator is a popular technical analysis tool used by forex traders to identify potential buy and sell signals based on momentum and trend...