USD, US DOLLAR, DXY INDEX – Outlook: Market diversity appears to be running low in the DXY Index, suggesting overcrowding. Having said that, US exceptionalism is still intact. What is the outlook on the greenback and the signposts to watch? If you’re puzzled by trading losses, why not take a step in the right direction?
The harami price action pattern is a two candle pattern which represents indecision in the market and is used primarily for breakout trading. It can also be called an ‘inside candle formation’ as one candle forms inside the previous candle’s range, from high to low. Here is an example of what a bearish and bullish harami candle
USD/JPY, GBP/JPY PRICE, CHARTS AND ANALYSIS: Most Read: Short USD/JPY: A Reprieve in the DXY Rally and FX Intervention by the BoJ (Top Trade Q4) USD/JPY, GBP/JPY FUNDAMENTAL BACKDROP The Japanese Yen has resumed its struggles following the Bond purchase offensive by the Bank of Japan (BoJ) on October 2. The biggest winner has actually
The Hammer The hammer price action pattern is a bullish signal that signifies a higher probability of the market moving higher than lower and is used primarily in up-trending markets. Here is an example of what a hammer candle looks like:
Bitcoin, BTC/USD, Ethereum, ETH/USD – Price Action: Bitcoin and Ethereum have cleared above minor resistance. Important for BTC/USD and ETH/USD to sustain gains if the rebound is for real. What is the outlook and what are the key levels to watch? Recommended by Manish Jaradi Get Your Free Top Trading Opportunities Forecast BITCOIN: Takes on
In the dynamic world of financial markets, traders are always on the lookout for tools that can provide them with a competitive edge. The My Price Action MT4 Indicator emerges as a powerful ally in the realm of trading, offering traders an insightful perspective into market movements and aiding them in making well-informed decisions. In
NZD/USD, AUD/NZD, EUR/NZD – Outlook: NZD/USD is holding above channel support, but there is no sign of reversal of the downtrend. AUD/NZD remains well within its recently established range; EUR/NZD’s downside could be limited. What is the outlook for NZD/USD, EUR/NZD, and AUD/NZD? Recommended by Manish Jaradi Building Confidence in Trading NZD/USD: Holding the above
The shooting star price action pattern is a bearish signal that signifies a higher probability of the market moving lower than higher and is used primarily in down trending markets. In essence, it is the opposite of the hammer pattern. Here is an example of what a shooting star candle looks like:
Gold, XAU/USD – Outlook: Gold has pulled back from near key resistance and US real yields rebound. XAU/USD is approaching vital support on the 200-DMA. What is the outlook and what are the key levels to watch in XAU/USD? Recommended by Manish Jaradi How to Trade Gold Gold is restarting to feel the heat of
Did you know that price action trading strategies are one of the most commonly used methods in today’s financial market? Whether you are a short-term or long-term trader, analysing the price of a security is perhaps one of the simplest, yet also the most powerful, ways to gain an edge in the market. After all,
