Recent content by AntaresScorpius

Potential Bullish Engulfing Pattern. 30m Chart Pattern Analysis • Formation: A red (bearish) candle is observed, followed by a much larger green (bullish) candle, whose body completely "engulfs" the body of the previous red candle. This indicates that at that point, buyers have overcome seller...

eurusd has broken the support at 1.1699 so the next support is expected to be found at 1.1627-1.1620

A bullish triple bottom could form on the one-day chart. So if it drops towards 1.17 or 1.1710, you should buy because it could rise instantly.

Technical analysis of the EURUSD daily chart for the week of October 6-10, 2025. 📊 Technical Analysis – Candlesticks and Price Action • Recent Trend: The price appears to be in a consolidation phase after a bearish move. The latest candles show small bodies and upper wicks, a sign of indecision...

Non-farm payroll projection for October 2025 Macroeconomic Data Analysis 📊 Here's how each data point can influence NFP expectations: • Retail Sales +0.7%: a sign of solid consumption, which may be reflected in increased labor demand in trade and services. • Philadelphia Manufacturing Index at...

EUR/USD Forex Technical Analysis for the Week of October 29-3, 2025 Let's analyze this EUR/USD weekly chart in detail, considering all visible technical aspects: 📈1. Chart Pattern: Rising Wedge • The main pattern is a rising wedge, formed by two converging trendlines. • This pattern is generally...

1. Price Pattern • A rising wedge is forming, which is usually a bearish reversal pattern. • The price has risen steadily, but the highs are rising less than the lows → a sign of a loss of bullish momentum. • In these cases, the greatest probability is of a downside breakout. 2. Technical...

A Three Little Indians-like pattern may be forming, especially if: • There are three higher highs with decreasing momentum. • The price is near the top of the channel. • Indicators show signs of exhaustion. • The MACD shows a possible divergence if the MACD line begins to decline while the price...

📉 When the monthly retail sales (MoM) figure in the United States changes from 0.5% to 0.3%, as was the case on September 16, 2025, it means that retail sales growth has slowed compared to the previous month. Here's what this could mean: 🧠 Economic interpretation • Sign of slowing consumption...

📉 Michigan Consumer Sentiment Index: 55.4 • This index measures American consumers' confidence in the economy. • A reading of 55.4 is relatively low (the historical average is around 80-90), indicating pessimism or concern among consumers. • Implications: ◦ Consumers could reduce spending...

🔍 Regarding the "Three Black Crows" pattern: Now that we know the timeframe is one hour, the pattern has much more relevance. And yes, in the last few candles, you can clearly see a sequence of: • Three consecutive red candles • Each candle opens within the body of the previous one and closes...

The Services PMI reading above the 50 threshold (specifically, 52% in August 2025) indicates that the services sector is expanding. This is generally a positive sign for the economy and often accompanies employment growth. However, there is an important detail: the employment index within the...

The JOLTS (Job Openings and Labor Turnover Survey) and the Non-Farm Payrolls (NFP) report are closely linked, even though they measure different aspects of the US labor market. Let's see how they influence each other. 👇 🧩 Differences between JOLTS and NFP JOLTS measures: Job openings Hirings...

On the 3-hour chart, we can see two candles with identical closes: one green and one red. The pattern is a Matching High (in an uptrend). • It occurs when two consecutive candles close at the same level, with the first green (bullish) and the second red (bearish). • It may indicate resistance...