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.


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.


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 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.

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

The Trump presidency will exacerbate international relations, especially concerning China and Europe

By JustMarkets At the end of Wednesday, the Dow Jones Index (US30) was up 3.57%.…

5 hours ago

Gold Retreats as Trump Victory Bolsters USD

By RoboForex Analytical Department  Gold prices tumbled over 3% to 2650 USD per troy ounce…

5 hours ago

USDJPY Hits 14-Week High Amid US Election Dynamics

By RoboForex Analytical Department  The USDJPY pair has surged to a 14-week peak, touching 153.83…

1 day ago

EURUSD Stabilises as US Presidential Election Unfolds

By RoboForex Analytical Department EURUSD remains poised around 1.0878 as markets brace for the outcome…

2 days ago

Stock indices rise on weak US labor market report. In Switzerland, there is a further decline in inflation

By JustMarkets On Friday, the Dow Jones (US30) rose 0.69% (for the week -0.50%). The…

3 days ago

US Elections: How might markets react to Harris or Trump win?

By ForexTime Markets predict Trump win; polls say race too close to call Trump win:…

3 days ago

This website uses cookies.