Article By RoboForex.com
XAUUSD, “Gold vs US Dollar”
Near the support level, gold has formed yet another reversal pattern Hammer. Currently, going by the pattern, the pair might end up in an ascending impulse. The goal of growth can be 1720.50. However, the quotes might still fall to 1690.50 and continue the downtrend without testing the resistance level.
NZDUSD, “New Zealand Dollar vs US Dollar”
On H4, at the support level, the pair has formed an Engulfing reversal pattern. Going by the pattern, the pair might currently end up with an ascending impulse. The goal of growth might be 0.6190. After the resistance level is broken away, the quotes might continue the uptrend. However, the price can pull back to 0.6045 before continuing growth.
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”
On H4, at the support level, the pair has formed a Doji reversal pattern. Currently, the pair can go by the pattern in an ascending impulse. The goal of growth can be the resistance level of 1.1570; then, if the price bounces off it, the price will have a chance for further falling. However, the price might fall directly to 1.1350 without testing the resistance level.
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.
- Bitcoin hits an all-time high above $88,000. Oil remains under pressure Nov 12, 2024
- Brent Crude Stumbles as Market Sentiments Turn Cautious Nov 12, 2024
- Bitcoin hits new record high just shy of $82,000! Nov 11, 2024
- The Dow Jones broke the 44 000 mark, and the S&P 500 topped 6 000 for the first time. The deflationary scenario continues in China Nov 11, 2024
- AUD/USD Stabilises as Traders Await Economic Signals Nov 11, 2024
- COT Metals Charts: Speculator Bets led lower by Gold, Silver & Platinum Nov 10, 2024
- COT Bonds Charts: Speculator Bets led by SOFR 1-Month & 10-Year Bonds Nov 10, 2024
- COT Soft Commodities Charts: Speculator Changes led by Corn & Soybean Oil Nov 10, 2024
- COT Stock Market Charts: Speculator Bets led by S&P500 & Nasdaq Nov 10, 2024
- EUR/USD Stabilises, Considers Trump’s Impact Nov 8, 2024