Engulfing Candlestick Pattern in Forex Trading The engulfing candlestick pattern is a two-candle reversal signal commonly used in forex trading to indicate a potential change in market direction. It comes in two forms: bullish and bearish. 1....
USD/CHF Here’s my take on the USD/CHF pair today based on both technical and fundamental factors. Technical Analysis: On the daily chart, USD/CHF is in a bit of a consolidation phase right now, with mixed signals. The price is testing some key...
Forecast of NZDUSD On the H4 time frame chart, the NZDUSD trading activity seems to be in the range zone; however, I saw erratic movement in the final candle, which is a significant bearish pin bar. We cannot take the chance of selling it based on...
EUR/USD Technical Analysis: EUR/USD has been stuck in a narrow range today, with 1.0900 acting as solid resistance and 1.0800 holding up as support. I noticed that the pair tried to push higher but couldn’t break above 1.0880, indicating some...
Currently, the AUD/USD pair trades near the 0.6300 level, reflecting a slight recovery from prior bearish momentum. The price action indicates that the market has been oscillating within a well-defined range, with strong support around 0.6280 and...
