USDCAD, “US Dollar vs Canadian Dollar”
On H4, the pair has formed an Engulfing reversal pattern. The instrument is now going by the pattern in a descending wave. The goal of the decline might be 1.3300; then the price may break through the support level and continue the downtrend. However, the price may pull back to 1.3430 before falling.
AUDUSD, “Australian Dollar vs US Dollar”
On H4, the pair has formed a Hammer reversal pattern. The instrument is now going by the signal in an ascending wave. The goal of the growth might be 0.7070. Upon testing the resistance level, the quotes might break through it and continue growing. However, the price may pull back to 0.6925 and continue the uptrend after the correction.
Free Reports:
USDCHF, “US Dollar vs Swiss Franc”
On H4, at the resistance level, the pair has formed a Hanging Man reversal pattern. The instrument is now going by the signal in a descending wave. The goal of the decline might be 0.9155. Upon testing the support level, the pair might break through it and continue developing the downtrend. However, the price may pull back to 0.9250 before declining.
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 InvestMacro Research The fourth quarter of 2024 is about halfway over and today we…
By JustMarkets At the end of Wednesday, the Dow Jones Index (US30) was up 3.57%.…
By RoboForex Analytical Department Gold prices tumbled over 3% to 2650 USD per troy ounce…
By RoboForex Analytical Department The USDJPY pair has surged to a 14-week peak, touching 153.83…
By RoboForex Analytical Department EURUSD remains poised around 1.0878 as markets brace for the outcome…
By JustMarkets On Friday, the Dow Jones (US30) rose 0.69% (for the week -0.50%). The…
This website uses cookies.