Candlestick patterns come in many forms and they have the power to turn market direction. They are usually made up of two or three candlesticks but always require confirmations if they are to be used in a trade. Candlestick patterns allow us to get into a trade early but this can only be achieved if the correct analysis is utilised. Never simply rely on the candlesticks themselves because they can provide a fake picture of the current market situation. Below is a list of candlestick patterns you are required to know, so ensure that you watch all the Forex training videos.
The US Dollar may recover before Wednesday’s release of Augusts’ FOMC minutes after a pullback was amplified by comments from President Trump.
Crude oil and gold prices rose after US President Donald Trump criticized Fed interest rate hikes, boosting US Dollar-denominated assets as the currency fell.
AUD/NZD can at times net out market mood swings, behaving as “risk neutral”. This allows it to focus more on Reserve Bank of Australia and New Zealand monetary policy bets.