Japanese Candlesticks Analysis 27.07.2023 (XAUUSD, NZDUSD, GBPUSD)

July 27, 2023

By RoboForex.com

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.





Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly 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.

InvestMacro

Share
Published by
InvestMacro

Recent Posts

UHS, LRCX & LDOS top latest Large Cap Stocks that made our Watchlist in October

By InvestMacro Research The fourth quarter of 2024 is about halfway over and today we…

5 hours ago

The Trump presidency will exacerbate international relations, especially concerning China and Europe

By JustMarkets At the end of Wednesday, the Dow Jones Index (US30) was up 3.57%.…

13 hours ago

Gold Retreats as Trump Victory Bolsters USD

By RoboForex Analytical Department  Gold prices tumbled over 3% to 2650 USD per troy ounce…

13 hours ago

USDJPY Hits 14-Week High Amid US Election Dynamics

By RoboForex Analytical Department  The USDJPY pair has surged to a 14-week peak, touching 153.83…

2 days ago

EURUSD Stabilises as US Presidential Election Unfolds

By RoboForex Analytical Department EURUSD remains poised around 1.0878 as markets brace for the outcome…

2 days ago

Stock indices rise on weak US labor market report. In Switzerland, there is a further decline in inflation

By JustMarkets On Friday, the Dow Jones (US30) rose 0.69% (for the week -0.50%). The…

4 days ago

This website uses cookies.