USDJPY’s powerful long-term uptrend has been reignited after last week’s sharply contrasting policy statements from the Federal Reserve and Bank of Japan.
EUR/USD is currently testing a key support level after the Federal Reserve indicated a potential extension of higher interest rates.
In this week's instalment, we delve into the Break & Retest pattern—a strategic approach to navigating breakout trades. If you've wrestled with the frustration of false breakouts, incorporating this pattern into your trading toolkit may help you overcome this challenge and put you on the path to becoming a more confident and consistent trader.
It’s a big week for Cable (GBP/USD) as both the Federal Reserve and the Bank of England are set to make crucial rate decisions.
In prior technical outlooks, we highlighted the importance of staying alert in sleepy markets, and last Thursday’s developments on the FTSE 100 serve as a prime illustration of this principle.
Tesla's share price gapped higher on Monday after investment bank, Morgan Stanely said Tesla’s supercomputer, known as Dojo had the potential to boost its market cap by $600 billion.
When it comes to powerful price patterns, the bearish engulfing pattern is right at the top of the list. It provides traders with a clear and decisive signal that sellers have taken control of the market.
Cable (GBP/USD) has been staircasing lower since mid-July and carving out a powerful downtrend on the 4hr candle chart
Last week’s price action saw gold break and close below the small ascending channel which had formed during the final week of August.
Nvidia, the chip manufacturer, has unquestionably been the standout stock of the year, driven by the increasing demand for its 'supercomputer' chips that are playing a key role in the AI revolution.
Welcome to Part 2 of our 7-part Power Patterns series. In this series, we'll be equipping you with the skills to trade some of the most powerful price patterns which occur on any timeframe in every market.
EUR/USD Breaks Support as Bear Channel Continues EUR/USD has been carving out a series of lower swing highs and lower swing lows on the daily candle chart – creating a bearish descending channel
Gold is currently tracking higher within a small ascending channel – fuelled by the anticipation that the Federal Reserve will halt its interest rate hikes.
This week's FTSE price action illustrates traders' sensitivity to interest rate expectations on both sides of the Atlantic.
NZD/USD forms bearish pin-bar at key resistance Yesterday’s price action saw NZD/USD form a bearish pin-bar reversal pattern at a key area of resistance.