Article By RoboForex.com
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, after forming several reversal patterns, including Inverted Hammer, close to the support level, USDCAD may reverse in the form of another rising wave. In this case, the upside target may be the resistance area at 1.2900. However, an alternative scenario implies that the asset may correct to reach 1.2740 first and then resume trading upwards.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD has formed a Hammer reversal pattern near the support area. At the moment, the asset is reversing in the form of another rising impulse. In this case, the upside target may be the resistance level at 0.7290. At the same time, an opposite scenario implies that the price may continue falling to reach 0.7090 before resuming its ascending tendency.
Free Reports:
USDCHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, after testing the support area, the pair has formed several reversal patterns, for example, Hammer. At the moment, USDCHF may reverse in the form of a new rising wave towards the resistance level. In this case, the upside target may be at 0.9275. Still, there might be an alternative scenario, according to which the asset may continue falling to reach 0.9155 before resuming its growth.
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.
Source: Streetwise Reports (10/30/24) Bob Moriarty of 321gold sat down with Francis Hunt of The…
By JustMarkets The Dow Jones (US30) Index was down 0.22% on Wednesday. The S&P 500…
By JustMarkets At the end of Tuesday, the Dow Jones Index (US30) fell by 0.36%.…
By RoboForex Analytical Department The Australian dollar remains under significant pressure, with AUD/USD extending its…
By ForexTime GBPUSD’s forecasted volatility jumps 24% over past week UK government set to issue…
By JustMarkets The Dow Jones (US30) rose 0.65% on Monday. The S&P 500 Index (US500)…
This website uses cookies.