Japanese Candlesticks Analysis 20.02.2023 (XAUUSD, NZDUSD, GBPUSD)

February 20, 2023

By RoboForex.com

XAUUSD, “Gold vs US Dollar”

At the support level, gold 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 1866.00. Upon testing the resistance level, the pair may break through it and continue the uptrend. However, the quotes may drop to 1830.50 before growth.


NZDUSD, “New Zealand Dollar vs US Dollar”

On H4, at the support level, 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 0.6285. After this level is reached, the quotes might get a chance for continuing the uptrend. However, the price may pull back to 0.6200 before growing.


Free Reports:

Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter





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.






GBPUSD, “Great Britain Pound vs US Dollar”

On H4, at the support level, 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 the resistance level of 1.2125. However, the price may pull back to 1.1980 and continue the uptrend after the correction.

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

USD/JPY Awaits Potential Stimulus Impact

By RoboForex Analytical Department The USD/JPY pair remains stable at approximately 154.30 amid global economic…

7 minutes ago

Companies are still committing to net-zero emissions, even if it’s a bumpy road – here’s what the data show

By L. Beril Toktay, Georgia Institute of Technology; Abhinav Shubham, Georgia Institute of Technology; Donghyun…

33 minutes ago

Asking ChatGPT vs Googling: Can AI chatbots boost human creativity?

By Jaeyeon Chung, Rice University  Think back to a time when you needed a quick…

15 hours ago

Americans face an insurability crisis as climate change worsens disasters – a look at how insurance companies set rates and coverage

By Andrew J. Hoffman, University of Michigan  Home insurance rates are rising in the United…

17 hours ago

RBNZ may cut the rate by 0.75% next week. NVDA report did not meet investors’ expectations

By JustMarkets At Wednesday’s end, the Dow Jones Index (US30) rose by 0.32%. The S&P…

22 hours ago

NZD/USD Under Pressure Amidst USD Strength

By RoboForex Analytical Department The NZD/USD pair is trading near 0.5879, experiencing volatility as the…

22 hours ago

This website uses cookies.