Technical Analysis Technical Analysis in Forex is a method used by traders to analyze and predict future price movements based on historical price data, volume, and market behavior. This approach relies on chart patterns, indicators, and other tools...
GBP/USD Greetings and Good Morning guys! The market of GBP/USD again dropped sharply down and crossed the 1.2680 level yesterday. This scenario is not better for the buyers of GBP/USD. However, I expect that the market will come back later. Also, a...
PAIR REVIEW EURJPY Thus, the “Bearish Engulfing” candlestick pattern should perform two primary functions on the market: 1. To become the driver of the bearish correction by forming a local peak (3), but already a graphical reversal model (1-2-3)...
The EUR/JPY currency pair is currently trading at approximately 162.642 and has exhibited a bearish trend recently. This pattern of gradual decline in price suggests a phase of market hesitation, with traders weighing potential economic factors and...
Forecast of Gold On the daily time frame chart, the price of Gold has also been below the 50 EMA line since Monday of this week, indicating that the price activity is in a bearish trend on the lower time frame charts where it is running below the...
