Japanese Candlesticks Analysis 14.11.2022 (XAUUSD, NZDUSD, GBPUSD)

November 14, 2022

By RoboForex.com

XAUUSD, “Gold vs US Dollar”

At the resistance level, the instrument has formed a Shooting Star reversal pattern. Currently, the pair may go by the signal in a yet another correction wave. The goal of the pullback will be 1745.00. After a test of the support level, gold may bounce off it and continue the uptrend. However, the quotes may grow to 1795.50 skipping the reversal signal altogether.

XAUUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

NZDUSD, “New Zealand Dollar vs US Dollar”

On H4, at the resistance level, the pair has formed a reversal pattern Shooting Star. Currently, the pair may go by the signal in a descending wave. The goal of the correction will be 0.6010. After a bounce off the support level, the quotes will get a chance to continue the uptrend. However, they may grow to 0.6180 without any pullback.


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NZDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBPUSD, “Great Britain Pound vs US Dollar”

On H4, at the resistance level, the pair has formed a Shooting Star reversal pattern. Currently, the pair will go by the signal in a descending wave. The goal of the correction might be the support level of 1.1690. In case the price bounced off it, it will get a chance to continue the uptrend. However, the price may grow to 1.1935 without any correction to the support.

GBPUSD

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.