Technical Analysis of Oil On the daily chart, the price of oil has declined since the beginning of trading this month, as the price began trading below the monthly pivot level of 75.09 and within descending price channels that represent the...
USD/CAD D1 MARKET ANALYSIS. All my friends, for the afternoon, I will discuss the US dollar/CAD currency pair. For the past few days, USD/CAD has been facing pressure on a currency couple and he's trying to look at the resistance level, and at this...
Gravestone Doji Candlestick Chart Pattern The Gravestone Doji is a unique candlestick pattern that forms when the open, low, and close prices are roughly the same, and the high price forms a long upper shadow. It is a pattern that signals potential...
The spot price has experienced a notable decline, marking its first significant downward movement in nearly five trading days. After a bullish trend that saw the US Dollar gain nearly two percent against the Canadian Dollar, the pair has retreated...
What is a Marubozu Candlestick? Derived from the Japanese word ‘Marubozu’, which literally translates to ‘bald’, the Marubozu pattern is formed with a single, candle. According to traders, the perfect Marubozu is a candle that has no shadows –...