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There was an inside bar candlestick pattern formed on EUR/USD in today's Asian session which could lead the price lower in today's New York session. Over the shorter term horizon, the trend is flat while the long term trend is still down as the price remains below the 200 period golden moving average. Note that the Stochastic indicator and Commodity Channel Index ...
There’s a bearish pin bar candlestick pattern in the making on EUR/CHF at the 1.2115 resistance level. This pin bar candlestick pattern also pierced through the upper end of the bollinger band and snaps back quickly. The long term trend is still bearish as all the short term moving averages are still below the 200 period long term moving average. The current ...