What are Harmonic Patterns? Harmonic patterns are specific price formations that adhere to Fibonacci ratios, which are widely used in technical analysis. They are named after geometric structures like butterflies, crabs, bats, and more, each with...
### Analysis of the EUR/USD Currency Pair and Potential Future Movements The EUR/USD currency pair, one of the most traded pairs in the forex market, is currently trading around 1.0684. As of now, the trend appears to be bearish, with the market...
The bullish and bearish breakaway candlestick patterns are key reversal indicators in technical analysis, suggesting potential trend changes in the market. Bullish Breakaway Pattern This five-candle formation indicates a possible reversal from a...
The Euro/dollar currency pair experienced a third consecutive loss on Wednesday, as market sentiment turned negative following the EU parliamentary elections. The elections revealed a significant shift towards center-right and far-right parties...
The levels I mentioned were not tested in the second half of the day. Reports on the corporate services price index, the Bank of Japan's core consumer price index, and the leading economic indicators index led to a surge in volatility, but that was...