Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
As we can see in the H4 chart, the asset has formed an Inverted Hammer reversal pattern close to the support area. At the moment, EURUSD is reversing in the form of a new ascending impulse. In this case, the upside target may be at 1.0915. However, an alternative scenario implies that the price may fall to reach 1.0790 and continue the descending tendency without any corrections.
USDJPY, “US Dollar vs Japanese Yen”
As we can see in the H4 chart, USDJPY has formed a Shooting Star pattern not far from the resistance level. At the moment, the asset is reversing in the form of a new descending impulse. In this case, the downside correctional target may be at 123.15. At the same time, an opposite scenario implies that the price may grow to reach 125.50 and continue the uptrend without any pullbacks.
Free Reports:
EURGBP, “Euro vs Great Britain Pound”
As we can see in the H4 chart, after forming a Doji reversal pattern near the support area, EURGBP is reversing and may start another ascending wave. In this case, the upside target may be at 0.8360. Later, the market may test the resistance level, rebound from it, and resume the descending tendency. Still, there might be an alternative scenario, according to which the asset may fall to reach 0.8275 and continue the downtrend without any corrections.
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.
By JustMarkets At Wednesday's close, the Dow Jones (US30) Index increased by 0.88%, while the S&P 500 (US500) Index…
By ForexTime USDInd bears take home 600 points! Soybean: No fireworks but H1 bullish target…
By RoboForex Analytical Department The yen’s exchange rate rose to the US dollar on Thursday in…
By JustMarkets At the end of Tuesday, the Dow Jones Index (US30) rose by 0.32%, while the…
By Derek Lemoine, University of Arizona To understand how important weather and climate risks are…
By ForexTime GameStop ↑ 179% this week ↑ as much as 32.6% pre-market 2nd most traded…
This website uses cookies.