Zahir Shah

Predicting Price Reversal Using Three White Soldier Pattern

Predicting Price Reversal Using Three White Soldier Pattern

Talking about three white soldiers, it is a bullish candlestick pattern responsible for predicting the reversal of the current downtrend in any pricing chart. This entire pattern is based on three consecutive long-bodied candlesticks which open through the previous candle’s real body and closing that exceeds the previous candle’s high. These candlesticks do not have

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Why Do Most Currencies Trade Against the Dollar?

Dollar falls to a two-week low, absorbing shocks of Powell’s speech

Tuesday, the dollar hovered around two-week lows against a basket of currencies. This week, US employment data will be closely watched by investors for clues about when the stimulus will be reduced. In the meantime, the Chinese yuan didn’t pay much attention to the polls conducted by product manufacturers and service sectors. Following Friday’s remarks

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Forex Roundup: Dollar Rules Despite the Slides

Dollar rises amid rising geopolitical tensions and rising yields

As tensions between the US and China escalated after President Joe Biden received intelligence on the origin of the virus, the dollar strengthened in general. The yen has suffered due to rising bond yields around the world. In addition, a Senate-proposed Tax Plan would permit the transfer of profits abroad, supporting the dollar. Data on

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