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 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...
GBP/JPY Market Outlook Good Morning to everyone! The market of GBP/JPY is looking in favor of sellers as the price reached the overbought zone. It can pull back and cross the support zone of 194.75 later. Also, it's essential to maintain a...
Price Action Insights: Silver We'll analyze silver price changes in our discussion. The price of XAGUSD has been stagnant, but compared to gold, where the weekly closing price was nearly the same as the opening price, silver is under more pressure...
In yesterday's trading session, the AUD/JPY market was completely dominated by sellers. Over the past few weeks, it has become increasingly clear that sellers have taken control of the market, and their strength has been growing with each passing...