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:

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, 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

USD Index Bets continue divergence, Speculators cut their Euro bets

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

6 hours ago

Speculator Extremes: Ultra T-Bonds, AUD, 5-Year & USD Index lead Bullish & Bearish Positions

By InvestMacro The latest update for the weekly Commitment of Traders (COT) report was released…

1 day ago

COT Metals Charts: Weekly Speculator Changes led by Platinum

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

1 day ago

COT Bonds Charts: Speculator Bets led lower by 5-Year & 10-Year Bonds

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

1 day ago

COT Soft Commodities Charts: Speculator Bets led lower by Soybean Oil, Soybean Meal & Cotton

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

1 day ago

COT Stock Market Charts: Speculator Changes led by S&P500 & Nasdaq Minis

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

1 day ago

This website uses cookies.