Article By RoboForex.com
XAUUSD, “Gold vs US Dollar”
The pair is completing a correction. AT the resistance level, gold has formed several reversal patterns including a Doji. Going by the reversal patterns, the price might continue the downtrend, aiming at 1700.00. However, the quotations might sill grow to 1735.00, skipping the reversal patterns.
NZDUSD, “New Zealand Dollar vs US Dollar”
On H4, the pair keeps developing a correction. At the resistance level, the pair has formed several reversal patterns, including the Engulfing pattern. The aim of the decline is 0.6915. After testing the support level, the pair might break through the level and go on declining. However, the quotations might still grow to 0.7070, skipping the reversal patterns.
Free Reports:
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.
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter
GBPUSD, “Great Britain Pound vs US Dollar”
On H4, the pair is completing a correction in a downtrend. At the resistance line, the pair has formed several reversal patterns, including the Engulfing pattern. Going by the patterns, the pair might currently continue the descending impulse, aiming at 1.3730. Then, breaking through the support level, the quotations might enforce the descending dynamics. However, the price might grow to 1.3880 before further falling.
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