Japanese Candlesticks Analysis 05.09.2022 (GOLD, NZDUSD, GBPUSD)

September 5, 2022

Article By RoboForex.com

XAUUSD, “Gold vs US Dollar”

Near the support level, gold has formed yet another reversal pattern Hammer. Currently, going by the pattern, the pair might end up in an ascending impulse. The goal of growth can be 1720.50. However, the quotes might still fall to 1690.50 and continue the downtrend without testing the resistance level.


NZDUSD, “New Zealand Dollar vs US Dollar”

On H4, at the support level, the pair has formed an Engulfing reversal pattern. Going by the pattern, the pair might currently end up with an ascending impulse. The goal of growth might be 0.6190. After the resistance level is broken away, the quotes might continue the uptrend. However, the price can pull back to 0.6045 before continuing growth.


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, at the support level, the pair has formed a Doji reversal pattern. Currently, the pair can go by the pattern in an ascending impulse. The goal of growth can be the resistance level of 1.1570; then, if the price bounces off it, the price will have a chance for further falling. However, the price might fall directly to 1.1350 without testing the resistance level.

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

Bitcoin hits an all-time high above $88,000. Oil remains under pressure

By JustMarkets At the end of Monday, the Dow Jones Index (US30) rose by 0.69%.…

7 hours ago

Brent Crude Stumbles as Market Sentiments Turn Cautious

By RoboForex Analytical Department  Brent crude oil prices have continued to slip, touching 71.74 USD…

7 hours ago

Bitcoin hits new record high just shy of $82,000!

By ForexTime Bitcoin has surged over 17% since Nov. 5th US elections day The world’s oldest…

1 day ago

AUD/USD Stabilises as Traders Await Economic Signals

By RoboForex Analytical Department  The AUD/USD pair is navigating the week starting with a steady…

1 day ago

Currency Speculators boosted Euro bets, cut GBP & Yen bets on Election Day

By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT)…

2 days ago

This website uses cookies.