Author: FX

Last updated: August 29, 2026 · By: Tim MorrisA wedge pattern is a chart formation of two converging trendlines that both slope the same way, tracking a trend that is losing momentum. A rising wedge slopes up and leans bearish; a falling wedge slopes down and leans bullish. The break beyond the trendline, confirmed by a candle close, is the signal.A rising wedge and a falling wedge side by side, each with its two converging trendlines and the confirmed break arrow pointing opposite to the slope.What is a wedge patternA wedge is a shape price draws when a move narrows…

Last updated: August 29, 2026 · By: Tim MorrisAn engulfing candlestick pattern is a two-candle reversal signal where the second candle’s real body fully covers the prior candle’s body. A bullish engulfing forms when a larger up candle swallows a small down candle at a low; a bearish engulfing flips this at a high. The close-through is what matters, and it needs confirmation.Below we break down the anatomy, the bullish and bearish versions, why location decides the outcome, and how to trade the pattern without turning a probability into a bet. Keep this page open next to your chart.The Engulfing…

The week in one sentence: speculative positioning shifted more constructively in the week to August 25. CAD short covering led the move, followed by a broad reduction in EUR shorts and renewed Gold buying. GBP and VIX positioning also improved, while JPY positioning deteriorated and WTI flows diverged from weaker prices.CAD: Short covering leadsThe Canadian Dollar’s (CAD) non-commercial net shorts shrank by over 36.5K contracts to about 121.5K contracts, marking the biggest weekly improvement since mid-December. In contrast, USD/CAD traded with respectable losses, with modest CAD rising as positioning improved. Furthermore, the net positioning increased to the 21st percentile.EUR: Shorts…

Last updated: August 28, 2026 · By: Tim MorrisAn inside day is a daily candle whose high and low both sit inside the prior day’s range. It marks a pause in the trend — buyers and sellers in balance — and often precedes a volatility expansion. Traders trade the break of the inside day’s high or low as an early breakout signal.The inside day is the inside bar pattern applied to the daily chart. That linked guide covers the inside bar across all timeframes, including the intraday setups on M15 and H1; this page stays on the D1 inside day…

Ethereum (ETH) has held firmly above $2,400 and traded near $2,500 this week after a sharp rally last week. However, upward momentum has slowed as investors appear to be taking profits after ETH moved above its average on-chain cost basis.The move above investors’ realized price at $2,306 may have unlocked selling pressure from holders who were previously underwater and are now taking modest gains. The development aligns with earlier signs of increased exchange inflows after Ethereum recovered above this range.Onchain profitability data also points to increased profit-taking. Ethereum’s Spent Output Profit Ratio (SOPR) has remained above 1 over the past…

The Solana (SOL) community on Friday approved a proposal to accelerate the reduction of SOL token issuance.Solana community passes double disinflation proposal with 67% supportThe measure, known as SGP-0002 or Double Disinflation, secured 67% support among participating stakes, narrowly clearing the two-thirds majority required for passage.Voting concluded on Friday with 176.26 million SOL in favor, while approximately 25.16% voted against the proposal and 7.84% abstained. Overall participation reached roughly 60.7% of the eligible stake, well above the one-third quorum required.The approved proposal is expected to reduce projected SOL issuance by an estimated 18.9 million tokens over six years, equivalent to…

Last updated: August 28, 2026 · By: Tim MorrisThe Strat is a price-action method created by Rob Smith that classifies every candle as one of three scenarios: a 1 is an inside bar, a 2 is a directional bar breaking one side, and a 3 is an outside bar breaking both sides. Traders combine these numbers into setups like 2-2 reversals and 2-1-2s.The appeal is that the numbering removes opinion from chart reading. A candle either broke the prior high, the prior low, both, or neither — there is no fourth option. If you already read Japanese candles, The Strat…

Commerzbank’s Charlie Lay reports that the Bank of Korea (BoK) delivered a second consecutive 25 bp hike to 3.0% and kept a tightening bias, supporting KRW after its sharp appreciation since June. The bank expects a near-term pause but sees scope for another hike to 3.25% if growth and core inflation stay firm, with USD/KRW likely consolidating in a 1,360–1,400 range.Won strength seen consolidating after rally”Looking ahead, BoK maintained a tightening bias, although the pace of further hikes is likely to slow following the cumulative 50bp of tightening since July.””The results showed that of the 21 dots, 10 are at…

DBS Group strategists Taimur Baig and Nathan Chow forecast Vietnam’s goods exports to maintain strong double-digit growth at 27% year-on-year in August 2026, led by electronics and supported by external demand. Retail sales and tourism-related spending are seen as resilient, while headline inflation is expected to hold at 4.4%, below May’s peak but still elevated due to firm food and housing costs.Electronics exports drive strong momentum”We expect Vietnam’s goods exports to extend their run of robust double-digit growth, expanding by 27.0% yoy in August 2026, up from 25.0% yoy in July, driven primarily by strong electronics shipments amid supportive external…

Commerzbank’s Charlie Lay reports the Bank of Korea has delivered back-to-back 25bp hikes to 3.0%, front-loading tightening as growth and core inflation forecasts rise. The bank signals one more hike over six months but may pause to assess effects. Despite strong fundamentals and a huge current-account surplus, further KRW gains versus USD are expected to be more gradual after a 12% rally.Front-loaded tightening and slower KRW gains”Looking ahead, BoK maintained a tightening bias, but the pace of further hikes is likely to slow after the cumulative 50bp increase since July.””BoK provided some forward guidance, by way of its new six-month…