The piercing line candlestick pattern is a bullish candlestick pattern that forms after an extended bearish trend. It can be used as an indicator to predict the resumption of the uptrend as it shows ...

(MENAFN- DailyFX) The piercing line pattern consists of twocandlesticks , which suggests a potential bullish reversal within theforex market . This piercing pattern should not be used in isolation but ...

Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). A piercing pattern is a two-day, candlestick price pattern that marks a ...

USD/CAD’s most recent Piercing Line pattern has failed to find confirmation from a successive up-day. This is unsurprising given the pair’s tendency towards violent intraday whipsaws. This further ...

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EUR/GBP sold off to just below 0.8400 as its downtrend unfolds. It has formed a bullish Piercing Line Japanese candlestick reversal pattern indicating the potential for a correction higher. The pair ...

The NZD/USD has resumed its journey lower in recent trade, which in turn has negated a Piercing Line pattern on the daily. As noted in recent reports the potential for a sustained recovery was ...

It is not unreasonable to assume that gold could trade to and move above $2000 or higher during this calendar month. Gold Futures Display Strong Bullish Reversal Patterns in Consecutive Weeks Gold ...

GBP/USD has resumed its ascent with a Piercing Line pattern in its rearview mirror. Yet alongside a core downtrend some skepticism over a further advance may be warranted. Selling interest remains ...