The Spinning Top Candlestick and Trend Indecision 🤔
A spinning top candlestick is a relatively easy-to-identify candlestick pattern in the market that is usually a sign of indecision among buyers and sellers. In this article, we will look…
Read More »Video: Non-trend transitions to trend. Make that simple phrase a part of your trading mindset
Learn how to catch more trends by following that simple trading mantra Many traders look at sideways markets as a time to fall asleep and ignore that market or specific currency…
Read More »USD Price Outlook: US Dollar Strength to Ebb as VIX Index Falls
The US Dollar is flirting with eight-week highs following an infux of strength across USD price action, but can bulls sustain the bid as risk appetite improves and the VIX…
Read More »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…
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