Hanging Man Candlestick
Here are the characteristics of the Hanging Man candlestick pattern, outlined point by point: 1. Formation at the end of an uptrend: The Hanging Man pattern typically occurs at the…
Important events on October 26: introductory fundamental analysis
Thursday is expected to be an eventful day in the financial markets, with several important reports and the European Central Bank (ECB) meeting taking place. Here is a summary of…
Bearish Three Falling Method
The Bearish Falling Three is a bearish candlestick pattern that typically forms during a downtrend and indicates a potential continuation of the downward move. It is considered a reliable pattern,…
Forex and Cryptocurrency Fundamental Outlook for October 23, 2023, to October 27, 2023
EUR/USD: No Fed or ECB interest rate hikes in the near future? – The U.S. Dollar Index (DXY) has been trading sideways since the last days of September. – U.S.…
GBP/USD forecast for October 18, 2023
The British pound experienced a bearish close for the day, forming a black candlestick pattern. This pessimistic sentiment is attributed to the anticipation of the UK’s inflation data for September.…
Market Analysis USDJPY H4
Trading recommendations for the USD/JPY for October 17–18, 2023: sell below 149.51 (the symmetrical triangle that represents the 21 SMA). 1. Current Trading Conditions: Early in the European session, the…
Daily Market Analysis
USDJPY, Daily 1. Bullish Momentum: The analysis suggests that USD/JPY is displaying bullish momentum within an ascending channel. This indicates that the price of the currency pair is generally trending…
Weekly Market Analysis(Fundamental)
In terms of new data inputs, mainly US numbers and, more specifically, job data, it was a big week for investors. We hope to continue where we left off this…
EUR/USD forecast for October 10, 2023
1. On the weekly chart, a reversal occurred after 11 consecutive black candles, with the reversal happening on the 9th reversal candle according to the Sequential indicator. 2. On the…