EURUSD, “Euro vs US Dollar”
On H4, at the resistance level, the currency pair has formed a Shooting Star reversal pattern. Currently, the pair is going by the signal, continuing a correction wave. The goal of the decline might be 1.0210. However, the price may grow to 1.0440, break through it, and continue the uptrend without correction to the support level.
USDJPY, “US Dollar vs Japanese Yen”
On H4, at the support level, the pair has formed a Hammer reversal pattern. Currently, the pair may go by the signal in an ascending wave. The goal of the correction will be 141.75. However, the price may fall to 137.50 and continue the downtrend without correcting to the resistance level.
Free Reports:
EURGBP, “Euro vs Great Britain Pound”
On H4, the pair has formed a Harami reversal pattern. Currently, the pair may go by the signal in an ascending wave. The goal of growth is still the resistance level of 0.8800. Upon testing and breaking through it, the pair has a chance for continuing the uptrend. However, the quotes may drop to 0.8660 without growing to 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.
By Ino.com Intel Corporation (INTC), a prominent semiconductor company, is currently navigating a challenging phase…
By ForexTime UK100 ↑ over 2% in April Index could see heightened volatility BoE decision…
By JustMarkets At the end of Thursday, the Dow Jones Index (US30) rose by 0.85%, and the…
By Wendy Whitman Cobb, Air University If all goes well late on May 6, 2024,…
By Christopher Decker, University of Nebraska Omaha The Federal Reserve held interest rates steady at…
By JustMarkets At Tuesday's close, the Dow Jones Index (US30) added 0.23%, while the S&P 500 Index (US500) was…
This website uses cookies.