USDCAD, “US Dollar vs Canadian Dollar”
On H4, the pair has formed a Longed Legged Doji reversal pattern. The instrument is now going by the signal in a descending wave. The goal of the decline might be 1.3315; later the pair may break through the support level and continue the decline. However, the price may pull back to 1.3410 before falling.
AUDUSD, “Australian Dollar vs US Dollar”
On H4, the pair has formed a Doji reversal pattern. The instrument is now going by the signal in an ascending wave. The goal of the decline might still be 0.7000. After testing the resistance level the quotes might break through it and go on growing. However, the price may pull back to 0.6875 and continue the uptrend after the correction.
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
USDCHF, “US Dollar vs Swiss Franc”
On H4, at the resistance level the pair has formed a Shooting Star reversal pattern. The instrument is now going by the signal in a descending wave. The goal of the decline might be 0.9165. Upon testing the support level, the pair might break through it and further develop the downtrend. However, the price may pull back to 0.9270 before the decline.
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
