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EUR/USD
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High
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of clients are net short.
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Macro Matters: USD Down the Drain as Euro, CAD, Aussie Rip Higher
2020-06-04 18:37:00
ECB Reaction: EUR/USD Surges on Large ECB QE Package - Update
2020-06-04 12:25:00
Oil - US Crude
Mixed
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High
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of clients are net short.
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Crude Oil Rally Hindered by Gap Resistance, OPEC+ Meeting in Limbo
2020-06-04 09:30:00
Gold Prices Sink, Crude Oil Risks Falling with OPEC+ Meeting in Doubt
2020-06-04 03:00:00
Wall Street
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of clients are net short.
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Dow Jones, Nasdaq 100, S&P 500 Forecasts: What is Fueling the Rally?
2020-06-04 20:00:00
Russell 2000 Bests Nasdaq Rally, Bonds Plunge on ADP & PMI Data
2020-06-03 18:05:00
Gold
Mixed
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High
of clients are net long.
of clients are net short.
Long Short

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Gold Prices Sink, Crude Oil Risks Falling with OPEC+ Meeting in Doubt
2020-06-04 03:00:00
US Dollar Forecast: Significant Technical Damage Sustained - Levels for DXY Index & USD/JPY
2020-06-03 15:50:00
GBP/USD
Bullish
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High
of clients are net long.
of clients are net short.
Long Short

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GBP/USD IG Client Sentiment: Our data shows traders are now at their least net-long GBP/USD since May 01 when GBP/USD traded near 1.25.
2020-06-04 08:23:00
British Pound (GBP) Latest: GBP/USD Increasingly Nervous About Brexit
2020-06-04 08:10:00
USD/JPY
Bullish
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High
of clients are net long.
of clients are net short.
Long Short

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Yen Technical Price Outlook: USD/JPY Breakout Testing Trend Extremes
2020-06-04 15:30:00
US Dollar Forecast: Significant Technical Damage Sustained - Levels for DXY Index & USD/JPY
2020-06-03 15:50:00
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Using Candlestick Patterns along with other Technical Indicators

Using Candlestick Patterns along with other Technical Indicators

2010-12-16 20:26:00
Richard Krivo, Trading Instructor
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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.

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