Real-time Candlestick Update - Get the Latest Pattern
The data below is presented to make it easier for you to get candle updates in major pairs from various time frames. Thus, you don't need to manually interpret candlestick patterns on the chart to get trading signals.
Time Frame | Indication | Candle Time |
NZD-USD
Daily
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Mar 18 2024 |
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A one-candle pattern opened lower than the previous candle. The feature of the Inverted Hammer is that it has a small body and a long upper axis. The longer the upper axis and the smaller the body, the more significant the Inverted Hammer bullish signal. |
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NZD-USD
M15
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Mar 18 2024 20:45:00 |
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A one-candle pattern that closes near or at the highest price (High), thus indicating a weakening of the downtrend momentum. The longer the lower axis and the smaller the body candle, the higher the accuracy of the bullish reversal signal. |
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AUD-USD
M30
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Mar 18 2024 19:30:00 |
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A one-candle pattern that closes near or at the highest price (High), thus indicating a weakening of the downtrend momentum. The longer the lower axis and the smaller the body candle, the higher the accuracy of the bullish reversal signal. |
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NZD-USD
H1
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Mar 18 2024 17:00:00 |
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A one-candle pattern that occurs at the top of an uptrend. The open creates a gap up from the previous candle, then closes near the low. A confirmation signal breach is obtained from the next candle that opens with a price below the Shooting Star body candle. |
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AUD-USD
M15
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Mar 18 2024 20:00:00 |
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A one-candle pattern that closes near or at the highest price (High), thus indicating a weakening of the downtrend momentum. The longer the lower axis and the smaller the body candle, the higher the accuracy of the bullish reversal signal. |
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USD-CHF
M15
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Mar 18 2024 18:45:00 |
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A one-candle pattern opened lower than the previous candle. The feature of the Inverted Hammer is that it has a small body and a long upper axis. The longer the upper axis and the smaller the body, the more significant the Inverted Hammer bullish signal. |
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Completed Patterns | ||
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A three-candle pattern, all of them are long bearish candles. The closing price of the second candle is lower than the first candle, as well as the closing price of the third candle compared to the second candle. This pattern indicates a bearish momentum that can still bring prices down. |
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A one-candle pattern opened lower than the previous candle. The feature of the Inverted Hammer is that it has a small body and a long upper axis. The longer the upper axis and the smaller the body, the more significant the Inverted Hammer bullish signal. |
||
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A one-candle pattern that closes near or at the highest price (High), thus indicating a weakening of the downtrend momentum. The longer the lower axis and the smaller the body candle, the higher the accuracy of the bullish reversal signal. |
||
|
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A one-candle pattern that closes near or at the highest price (High), thus indicating a weakening of the downtrend momentum. The longer the lower axis and the smaller the body candle, the higher the accuracy of the bullish reversal signal. |
||
|
||
A one-candle pattern that closes near or at the highest price (High), thus indicating a weakening of the downtrend momentum. The longer the lower axis and the smaller the body candle, the higher the accuracy of the bullish reversal signal. |
||
|
||
A one-candle pattern opened lower than the previous candle. The feature of the Inverted Hammer is that it has a small body and a long upper axis. The longer the upper axis and the smaller the body, the more significant the Inverted Hammer bullish signal. |
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A one-candle pattern that has a very long lower axis with a small body. This indicates a weakening in bearish sentiment and a strengthening of buyer sentiment. The smaller the body and the longer the lower axis of the candle, the stronger the bullish reversal signal will be. |
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A one-candle pattern that occurs at the top of an uptrend. The open creates a gap up from the previous candle, then closes near the low. A confirmation signal breach is obtained from the next candle that opens with a price below the Shooting Star body candle. |
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A one-candle pattern opened lower than the previous candle. The feature of the Inverted Hammer is that it has a small body and a long upper axis. The longer the upper axis and the smaller the body, the more significant the Inverted Hammer bullish signal. |
How to use candlestick as an RSI confirmation?
Try to observe the behavior of the candlestick patterns at the point of RSI divergence. In a reversal from a downtrend, we would want to look for bullish patterns such as a bullish hammer or dragonfly doji. In a reversal from an uptrend, we should look for bearish patterns like bearish engulfing or gravestone doji. Also, keep in mind that the price must close above the previous candlestick price.
Continue Reading at Bollinger Bands and RSI Combo Strategy
How can candlesticks help you identify market sentiment?
If you use the candlesticks along with resistance and support lines, you will never get lost - and never guess your way around. Simply pay attention to sentiment shifts that are reflected by the candlesticks formations that occur or coincide with significant support or resistance lines – particularly those that pop up – in the level of historical highs or lows. With a great degree of accuracy, the market is likely to either 'hiccup' or take a big leap forward from that point.
In fact, there is no better tool to use to formulate a profitable swing trade strategy except with candlesticks along with resistance and support lines.
Continue Reading at Swing Trading, The Ideal Trading Strategy For Retail Forex Traders
What is the relationship between candlestick and Moving Average?
Moving Average is one of the simplest technical indicators. It is a straightforward yet powerful tool that can be used to analyze the price movement along with candlestick patterns.
While candlestick patterns put more emphasis on the short-term buy/sell balance, moving averages can contribute by giving a bigger picture or the trend context. Using candlestick patterns and moving averages therefore can help you confirm the trend and make a better prediction.
Continue Reading at A Useful Guide to Combine Candlesticks with Indicators
Can we use 3 Bar EMA strategy with candlestick analysis?
Yes, we can combine the 3 Bar EMA trading technique with the candlestick patterns analysis. For a sell signal, wait for three consecutive candles to have opened and closed near the EMA-lows.
Look at the chart below to better understand how the strategy works.
Continue Reading at Trading Strategy Using 3 Bar EMA
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