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,...
The price of gold (XAU/USD) experienced a decline, trading around $2,650 an ounce on Friday. The strengthening US dollar, driven by positive US labor market data, put downward pressure on gold. The US non-farm payrolls (NFP) report revealed that...
The British Pound has seen its rally stall over the past week, with price action suggesting that the momentum it gained earlier is beginning to fade. While the short-term movements indicate a drift from this week’s peak, the technical outlook...
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...
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...