Hammer Candlestick Chart Pattern The Hammer Candlestick Pattern is a crucial technical analysis tool used in trading to identify potential trend reversals, particularly at the end of a downtrend. What is a Hammer Candlestick? A Hammer is a single...
The USD/JPY H1 chart presents a clear downtrend over the observed period, with the price currently positioned at 151.41. The consistent decline from previous levels near 159.00 suggests strong bearish pressure, likely driven by fundamental or...
USD/JPY Analysis: Bearish Momentum and Key Resistance Level Recent Price Action The USD/JPY currency pair has demonstrated a strong bearish movement recently, breaking below a significant support level at 153.74, which has now turned into a...
Comprehensive Analysis on EUR/USD Trading Market Overview Greetings! It is evident that the market is currently waiting for significant news set to be released later in the day. Until that time, the EUR/USD currency pair is likely to trade within a...
The EUR/JPY H1 chart shows a strong bearish trend, confirmed by price action consistently making lower highs and lower lows. The price is trading below the red moving average, which acts as a dynamic resistance, rejecting any bullish attempts. The...
