USD/CHF Analysis Overview Upon examining the D1 period chart for the USD/CHF currency pair, it is apparent that the price has been moving within a relatively narrow sideways range for the past month. This range spans approximately 100 points, which...
What is a Morning Star Candlestick? The Morning Star candlestick is one of the key patterns I look out for when analyzing potential trend reversals in the market. It’s a bullish reversal pattern that usually forms at the bottom of a downtrend,...
GBP/JPY ANALYSIS UPDATE (Timeframe D1) 10-06-2024 Good afternoon friends, on this afternoon I will discuss the pattern formed against the GBP/JPY currency pair on the D1 timeframe. There seems to be a fairly interesting pattern against the GBP/JPY...
USD/JPY Technical Analysis The strength of the yen has increased due to interventions by the Bank of Japan and the overall weakening of the U.S. dollar. On the daily chart, a downward price movement is evident. According to the Elliott Wave Theory,...
Bitcoin (BTC) continues to trade in a narrow range, consolidating between $59,800 and $62,750, which represent the 38.2% and 61.8% Fibonacci retracement levels drawn from the high of July 29 to the low of August. As of Sunday, Bitcoin posted a...