The engulfing candle indicator scans price action for specific two-candle formations where the current candle’s body completely “engulfs” or covers the previous candle’s body. There are two types: bullish engulfing (suggesting upside reversal) and bearish engulfing (indicating potential downside). Here’s what makes it different from just eyeballing patterns yourself the indicator applies consistent criteria every…
The far-right activist Tommy Robinson has been hosted by the Trump administration for a meeting at the state department in Washington. Robinson, 43, whose real name is Stephen Yaxley-Lennon, was hosted by Joe Rittenhouse, a senior adviser at the state department. Rittenhouse wrote on X: “Honoured to have free speech warrior @TRobinsonNewEra at Department of…
AI supports Indices, No for selling. Data: 🟦 Global Rates & Sovereign Yields | Long-end extends rise, curve mildly steepens United States (UST):2Y ~3.56% | 5Y ~3.85% | 10Y ~4.22–4.25% | 30Y ~4.82–4.87% Treasury yields advanced further as markets continued repricing Fed easing expectations amid firm macro data and sticky inflation components. United Kingdom:10Y Gilt ~4.52–4.58%,…
Bulls are back in action after today’s almost ecstatic price action, particularly among higher beta and tech-related assets. Nasdaq closes higher by 1.42% as Markets await Nvidia earnings. As a matter of fact, it seems participants have anticipated stronger revenues for the firm, which, honestly, wouldn’t be surprising given their recent streak. The results should…
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Let’s be honest: the trading community is tired of “Holy Grail” indicators. We’ve all seen tools that look absolutely flawless in hindsight, only to realize they repaint their signals or completely destroy your account during a ranging (flat) market. As developers, we faced a fundamental question: How do you prove that a manual trading indicator…
If you tuned out of President Trump’s State of the Union address late Tuesday thinking it was just political theater, you may have missed some important market signals. Presidential speeches rarely move markets on their own — but this one landed in the middle of a perfect storm: a fresh Supreme Court ruling on tariffs,…
The USDCHF continues to trade in choppy, two-way price action, reflecting broader indecision across the FX space. Today’s session has once again turned into a tug-of-war centered around one key technical barometer — the rising 200-hour moving average. That level is not just another line on the chart. It has become the dividing line between…
TXN advanced above $230 to a reach a fresh record high. How further upside could it go in the near-term? Currently, a pullback has emerged against the long-term bullish cycle. Where should traders position to buy again? Texas Instruments (TXN) is a global semiconductor company known for designing and manufacturing analog and embedded processing chips….
NZD/USD trades around 0.5980 on Wednesday at the time of writing, up 0.27% on the day and extending its rebound for a second consecutive day. The pair benefits from a weaker US Dollar (USD) after US President Donald Trump delivered his State of the Union address before Congress. In his speech, Donald Trump said he…