EURUSD, “Euro vs US Dollar”
On H4, at the resistance level, the pair has formed a Harami reversal pattern. Currently, the pair may go by the signal in the form of a correctional wave. The goal of the pullback might be 1.0700. However, the price may grow to 1.0820, break through it, and continue the uptrend without any correction.
USDJPY, “US Dollar vs Japanese Yen”
On H4, the currency pair has formed a Hammer reversal pattern. Currently, the pair may go by the pattern in an ascending wave. The goal of the growth might be 133.10. However, the price may drop to 131.00 and continue the downtrend without correcting to the resistance level.
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
EURGBP, “Euro vs Great Britain Pound”
On H4, the pair has formed a new Inverted Hammer pattern. Currently, the pair is going by the signal in the form of an ascending wave. The goal of the growth might be the resistance level of 0.8890. Upon testing it and breaking through it, the price will get the chance to continue the uptrend. However, the quotes may pull back to 0.8800 before growth.
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.
- Oil and gas prices are rising on the back of another decline in inventories. Dec 30, 2024
- The RBA may go for a rate cut in February. New Zealand dollar is falling amid recession in the economy and RBNZ’s dovish stance Dec 27, 2024
- Flashpoint Friday: Bitcoin and Yen traders brace for Dec. 27 volatility Dec 26, 2024
- Canadian dollar declines after weak GDP data. Qatar threatens EU to halt natural gas exports Dec 24, 2024
- Goldman Sachs has updated its economic projections for 2025. EU countries are looking for alternative sources of natural gas Dec 23, 2024
- COT Bonds Charts: Speculator Bets led by SOFR 3-Months & 10-Year Bonds Dec 21, 2024
- COT Metals Charts: Speculator Bets led lower by Gold, Copper & Palladium Dec 21, 2024
- COT Soft Commodities Charts: Speculator Bets led by Live Cattle, Lean Hogs & Coffee Dec 21, 2024
- COT Stock Market Charts: Speculator Bets led by S&P500 & Russell-2000 Dec 21, 2024
- Riksbank and Banxico cut interest rates by 0.25%. BoE, Norges Bank, and PBoC left rates unchanged Dec 20, 2024
