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 DXY Index touched its highest level since January 12 earlier today, briefly eclipsing the 2017 low.
Another downtick in the U.S. Consumer Confidence survey may tame the recent decline in EUR/USD as it rattles expectations for four Fed rate-hikes in 2018.
The Japanese Yen may continue to decline as sentiment improves across the financial markets, sapping the appeal of the standby anti-risk currency.