USD Price Outlook: US Dollar Volatility Eyes Year-End Flows
The US Dollar came back under pressure on Tuesday with USD price action weakening across the board of major currency pairs. This steered the DXY Index toward monthly lows, but…
Read More »Gravestone Doji Candlestick: what does it Mean to Traders?
Dojis are popular candlestick patterns that form when an asset opens and closes at the same point. The pattern happens in all types of assets, including currencies, stocks, commodities, and…
Read More »NZD/USD Weakness to Abate as RSI Breaks Out of Downward Trend
Recent developments in the RSI indicate a larger recovery for NZD/USD as the oscillator breaks out of the downward trend established in September.
Read More »Gold Price Analysis: The weekly close looks positive but the bulls need to break $1765.38
The weekly chart below reminds us of the lofty levels the bulls are looking to target. The standout point on the chart is the fact that the price has
Read More »Dark Cloud Cover Candlestick Pattern: Full Guide for Traders
One of the basic tips to trading successfully is to be familiar with the current market news. Analyzing the acquired information and subsequently making a concrete decision requires effective tools…
Read More »Morning Star Pattern: a Great way to Identify Bullish Reversal
The morning star candlestick pattern is a common bullish pattern used by price action traders. It is a pattern in a similar class to the other formations like doji, hanging…
Read More »Renko Charts Remove the Time Factor. Is it good for Traders?
There are many types of charts in the financial market. There is a line chart that is mostly effective in showing the overall trend and bar charts that are rarely…
Read More »Trading Patterns: The Bull Flag
As humans, one of are primal instincts are to explore, recognize, and identify patterns. We do this in all walks of life and trading is absolutely no different. There are…
Read More »How to Spot & Trade with the Hanging Man Candlestick Pattern
How to identify and trade with the hanging man candlestick pattern Candlestick patterns are essential in determining the direction of a financial asset. In the past few weeks, we have…
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