XAUUSD, “Gold vs US Dollar”
Gold has formed a Shooting Star reversal pattern near the resistance level. Currently, the instrument could go by the reversal signal in a descending wave. The correction target might be 1965.50. Upon testing the support, the price might rebound and continue the uptrend. However, the quotes could rise to 1990.00 without a correction.
NZDUSD, “New Zealand Dollar vs US Dollar”
NZDUSD has formed a Hammer reversal pattern on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be 0.6300. Upon breaking the resistance, the quotes might have a chance to continue the uptrend. However, a correction to 0.6190 might develop and an uptrend might follow the 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”
GBPUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target might be 1.3055. However, the price might correct to 1.2895 and continue the uptrend following the pullback.
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.
- USDJPY Hits 14-Week High Amid US Election Dynamics Nov 6, 2024
- EURUSD Stabilises as US Presidential Election Unfolds Nov 5, 2024
- Stock indices rise on weak US labor market report. In Switzerland, there is a further decline in inflation Nov 4, 2024
- US Elections: How might markets react to Harris or Trump win? Nov 4, 2024
- Brent Crude Rises as OPEC+ Delays Production Increase Nov 4, 2024
- COT Metals Charts: Speculator bets led by Palladium & Steel Nov 3, 2024
- COT Bonds Charts: Speculator Bets led by Ultra Treasury Bonds & US Treasury Bonds Nov 3, 2024
- COT Soft Commodities Charts: Speculator Bets led by Corn & Live Cattle Nov 3, 2024
- COT Stock Market Charts: Speculator Bets led by S&P500 & Nasdaq Minis Nov 3, 2024
- Investors’ main focus today is on the NonFarm Payrolls report. Iran is preparing for a new attack on Israel Nov 1, 2024
