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EUR/USD
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

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Euro Forecast: EUR/USD Outlook Improves as German Bund Yields Rise
2021-02-28 02:00:00
Euro Technical Outlook: EUR/USD and EUR/GBP Prices and Forecasts
2021-02-27 04:00:00
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

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Crude Oil Price Forecast: Do the Charts Hint at a Pullback?
2021-02-27 17:00:00
Canadian Dollar Forecast: USD/CAD Price Hangs on Reflationary Market Sentiment
2021-02-27 08:00:00
Wall Street
Bearish
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High
of clients are net long.
of clients are net short.
Long Short

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Dow Jones, Nasdaq 100, S&P 500 Forecasts for the Week Ahead
2021-02-27 11:00:00
Dow Jones Falls on Rising Yields, ASX 200, Nikkei 225 Tumble
2021-02-26 01:30:00
Gold
Mixed
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High
of clients are net long.
of clients are net short.
Long Short

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Gold Price Forecast: XAU Tanks Hard as Yields, Inflation Fears Climb
2021-02-27 20:00:00
Gold Price Forecast: Gold Breakdown Accelerates – XAU/USD Bulls Done?
2021-02-26 20:00:00
GBP/USD
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

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British Pound Technical Outlook: GBP/USD Signals More Losses Ahead
2021-02-27 23:00:00
GBP/USD Weekly Forecast: GBP/USD, EUR/GBP Reversal, Now What?
2021-02-26 16:00:00
USD/JPY
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

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US Dollar Outlook: FX Volatility Ramps as Bond Selloff Intensifies
2021-02-25 23:22:00
US Dollar Outlook: DXY Index Rejects 50-Day Moving Average
2021-02-24 23:50:00
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Using Candlestick Patterns along with other Technical Indicators

Using Candlestick Patterns along with other Technical Indicators

Richard Krivo, Trading Instructor

Student’s Question:Can candlestick patterns be used as conformational indicators?Instructor’s Response:Sure…Take a look at the chart below…

Using_Candlestick_Patterns_along_with_other_Technical_Indicators_body_33334d1247192139-post-day-chart-7-09-09.png, Using Candlestick Patterns along with other Technical Indicators

We see a very well established trendline in place for about 4 months. A break of trendline support occurs when the bearish candle closes below the trendline. That in itself is significant. However, the pattern of which that candle is a part is an Evening Star. Since an Evening Star is interpreted as a bearish reversal signal, this would lend even more significance to the break of support.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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