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 recent surge in crude oil prices have pushed USDNOK again dangerously close to the lower bound of the rising support channel while USDSEK struggles to break above 9.3110.
Currency markets hint at anxiety as the first-quarter corporate earnings season resumes. Worrying outcomes may boost the US Dollar and the Japanese Yen.
Gold prices are eyeing the response from Treasury bond yields and the US Dollar to incoming first-quarter corporate earnings reports for direction cues.