EURUSD, “Euro vs US Dollar”
On H4, at the resistance level, the pair has formed a Harami reversal pattern. Currently, the pair may go by the signal in the form of a correctional wave. The goal of the pullback might be 1.0700. However, the price may grow to 1.0820, break through it, and continue the uptrend without any correction.
USDJPY, “US Dollar vs Japanese Yen”
On H4, the currency pair has formed a Hammer reversal pattern. Currently, the pair may go by the pattern in an ascending wave. The goal of the growth might be 133.10. However, the price may drop to 131.00 and continue the downtrend without correcting to the resistance level.
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
EURGBP, “Euro vs Great Britain Pound”
On H4, the pair has formed a new Inverted Hammer pattern. Currently, the pair is going by the signal in the form of an ascending wave. The goal of the growth might be the resistance level of 0.8890. Upon testing it and breaking through it, the price will get the chance to continue the uptrend. However, the quotes may pull back to 0.8800 before growth.
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.
- Oil prices were down by 10% in 2 weeks, and natural gas lost 19%. The PBoC cut interest rates Oct 21, 2024
- Gold Hits New Record Amid Geopolitical Tensions and US Election Uncertainty Oct 21, 2024
- COT Metals Charts: Speculator bets led by Gold & Platinum Oct 19, 2024
- COT Bonds Charts: Speculator bets led by 10-Year & US Treasury Bonds Oct 19, 2024
- COT Soft Commodities Charts: Speculator bets led by Lean Hogs & Live Cattle Oct 19, 2024
- COT Stock Market Charts: Speculator bets led by S&P500 & Russell 2000 Minis Oct 19, 2024
- PBoC launches new stimulus for the economy. Silver hits two-month high Oct 18, 2024
- USDJPY Adjusts Amid Mixed Signals from Japan’s Economic Data Oct 18, 2024
- Week Ahead: Tesla kicks off Big Tech earnings Oct 18, 2024
- A strong Australian labor market report reinforced the RBA’s hawkish stance. Banks in Thailand and the Philippines cut interest rates Oct 17, 2024