Article By RoboForex.com
USDCAD, “US Dollar vs Canadian Dollar”
On H4, the pair escaped the borders of the descending channel and formed a Shooting Star near the resistance level. The quotations now keep working off the signal of the reversal pattern. Next, they will most probably perform a pullback and go on declining to the support level. The aim of the downtrend is 1.3000. However, the price may still return to 1.3240.
AUDUSD, “Australian Dollar vs US Dollar”
On H4, the currency pair keeps developing an uptrend. Near the support level, it formed a Hammer and started working off the pattern. We may suppose that next, after the correction, the pair will resume growth with the aim at the resistance level of 0.7345. However, the price may still return to the lower border of the channel. The decline will be aiming at 0.7190.
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.
USDCHF, “US Dollar vs Swiss Franc”
On H4, the pair keeps developing a downtrend. Currently, the price has formed several reversal patterns, including a Shooting Star, near the resistance level. In the working-off, it aims at 0.9035. However, the quotations may still pullback to 0.9190 before further development of the downtrend.
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.
- COT Bonds Charts: Speculator Weekly Changes led by 5-Year & 10-Year Bonds Apr 28, 2024
- COT Stock Market Charts: Speculator Bets led by VIX & Russell-Mini Apr 28, 2024
- COT Soft Commodities Charts: Speculator Bets led by Corn & Soybean Meal Apr 28, 2024
- Today, investors’ focus is on the PCE Price Index inflation report Apr 26, 2024
- Gold price recovers amid uncertain US economic outlook Apr 26, 2024
- This “Bullish Buzz” Reaches Highest Level in 53 Years Apr 26, 2024
- FastSpring and EBANX Forge Partnership to Expand Pix Payments for Digital Products in Brazil Apr 25, 2024
- Target Thursdays: NAS100, Robusta Coffee, USDCHF Apr 25, 2024
- QCOM wants to create competition in the AI chip market. Hong Kong index hits five-month high Apr 25, 2024
- Japanese yen hits all-time low as BoJ meeting commences Apr 25, 2024