BULLISH ENGULFING PATTERN
Chart pattern forming when a small black candlestick appears before a huge white candlestick, which entirely clouds the past day’s candlestick. The shadows or tails of the smaller candlestick are short, allowing the body of the bigger candlestick to cover the previous day’s candlestick. Certain analysts view the pattern as a signal a bull market will emerge.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 03:30 | NAB Business Confidence | Apr | |
| 05:00 | Expected Annual Inflation 2y from now | 2 quarter | |
| 09:00 | SECO Consumer Confidence | Apr | |
| 14:30 | Building Permits | Mar | |
| 18:45 | SNB Chairman Thomas Jordan Speaks | ||
| 00:45 | Visitor Arrivals | Mar | |
| 01:50 | Domestic Corporate Goods Price Index | Apr | |
| 08:00 | Claimant Count Change | Apr | |
| 08:00 | Average Earnings Index | Mar |
