Japanese Candlesticks Analysis 01.09.2020 (GOLD, NZDUSD, GBPUSD)

September 1, 2020

Article By RoboForex.com

XAUUSD, “Gold vs US Dollar”

XAUUSD keeps developing an uptrend, working off the signal of a Hammer reversal pattern. At the moment, the quotations have returned into the ascending channel. The aim of growth is near 2030.00. However, the price may still decline to 1935.00.


NZDUSD, “New Zealand vs. US Dollar”

On H4, the pair keeps developing an uptrend. Near the resistance line, the pair has formed several reversal patterns, including a Shooting star. As long as the ascending impulse is so strong, working off the signals of the patterns may entail a small correction before the growth resumes. The goal of the growth is currently 0.6800 where the next resistance level lies.


Free Reports:

Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter





Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.






GBPUSD, “Great Britain Pound vs US Dollar”

On H4, the uptrend keeps developing. The pair broke away the resistance level and escaped the ascending channel. Then a small correction might follow, after which the quotations will resume the growth. The next goal of the developing uptrend is 1.3485. However, the quotations may still decline to 1.3265.

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

InvestMacro

Share
Published by
InvestMacro

Recent Posts

5 ways data centers endanger their local communities and the country as a whole

By Neha Gour, George Mason University; Ed Maibach, George Mason University, and Luis Ortiz, George…

15 hours ago

China has shifted to using its own strategic oil reserves

By JustMarkets  On Monday, the US stock indices showed mixed dynamics, with the technology sector…

15 hours ago

GBP/USD Remains Under Pressure Despite Attempts to Recover

By Analytical Department RoboForex GBP/USD attempted to move closer to 1.3350 on Tuesday but remained…

15 hours ago

SpaceX IPO: Set for $75 billion liftoff

By ForexTime  SpaceX IPO scheduled for Friday 12th June  $75 billion capital raise forecast –…

2 days ago

On Friday, the American stock market experienced one of the strongest crashes in recent times

By JustMarkets On Friday, the American stock market went through one of the harshest crashes…

2 days ago

EUR/USD at April Lows: What’s Next for the Pair?

By Analytical Department RoboForex EUR/USD began the new week at 1.1520. The US dollar ended…

2 days ago

This website uses cookies.