Candlesticks

Bullish engulfing patterns can offer precious insight into a possible new uptrend. Let’s examine what engulfing patterns are, and how they work – including how to trade both the bullish and bearish variants.

To technical traders, the three white soldiers is a strong sign of an impending bullish reversal. Let’s take a closer look at how the pattern works, and how to trade it – as well as examining its bearish counterpart, the three black crows.

Explore 22 key Japanese candlestick patterns here – including bullish, bearish, reversal and continuation patterns. Plus, how to trade using candlesticks, and more.

Explore 22 key Japanese candlestick patterns here – including bullish, bearish, reversal and continuation patterns. Plus, how to trade using candlesticks, and more.

Many of the terms and tools taught in the webinar series are included in this analysis of EUR/USD

Learn all the basics of candlestick charts here – including how to read them, some key candlestick patterns and more.

Downside breakout from a symmetrical triangle.

Bullish trendline breakout and bullish MACD crossover.

As US traders return to their desks after yesterday’s bank holiday, we’re seeing a bit of a “Turnaround Tuesday” emerge in the FX market, with the US dollar falling against all of its major rivals after showing relative strength in yesterday’s trade (see “Dollar Index Holding Above Key Area in the Mid-95.00s” for more).

As US traders returned to their desks this morning, the dominant theme was US dollar weakness.

<p>It’s been a harrowing trip for global markets today, and ECB President Mario Draghi was the conductor.</p> <p>First traders were impressed by the size and scope of the ECB’s aggressive actions to ease monetary policy, but the market’s collective view shifted to dismay when Draghi later indicated that further rate cuts were neither anticipated nor needed. As my colleague James Chen <a href="http://www.forex.com/post?SDN=5f6893ad-2b2a-493e-a57e-bad9a0b0d7ae&Pa=20db1fa6-e674-420c-9a87-2ee29261d638">noted earlier today</a>, <i>“</i><i>While not as disappointing as December’s under-delivery of easing actions, the press conference essentially amounted to a forward-looking disappointment due to Draghi’s relatively strong comments regarding future rate cuts.”</i> </p>

<p>My, what a difference a couple of hours makes. As US traders trudged into their offices this morning, it seemed as though the sky was falling: <a href="http://www.forex.com/post?SDN=75c50bb5-618e-455f-baed-f84a58e091cc&Pa=20db1fa6-e674-420c-9a87-2ee29261d638">continued fears of Brexit</a> were driving GBP/USD to 7-year lows, major equity markets were trading down by about 2% across the board, and oil (WTI) was falling back toward the widely-watched 30.00 level. Since then, each of those moves has been unwound to some extent, and in fact, both US equities and oil have turned positive on the day as of writing.</p>