23.06.2022 Japanese Candlestick Analysis (XAUUSD, NZDUSD, GBPUSD) :: InvestMacro


Article by RoboForex.com

XAUUSD, “Gold vs. US Dollar”

As we can see on the 4 hour chart, XAUUSD formed a range Hammer The reversal pattern is not far from the support area. At the moment, the asset is reversing in the form of a new bullish impulse. In this case, the bullish target might be the resistance level 1844.50. At the same time, the opposite scenario suggests that the price may drop to 1820.00 without any setbacks.


Risk Warning: The result of previous trading operations does not guarantee the same results in the future

NZDUSD, “New Zealand against the US Dollar”

As we can see in the four-hour chart, the NZDUSD pair formed thief Reversal pattern near the support area. At the moment, the asset may reverse in the form of a new ascending impulse. In this case, the bullish target may be at 0.6320. After that, the asset may bounce off the resistance level and resume the move down. However, an alternative scenario means that the price may continue falling to reach 0.6195 without testing the resistance level.

NZDUSD
Risk Warning: The result of previous trading operations does not guarantee the same results in the future

GBPUSD, “Great British Pound against the US Dollar”


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As we can see on the four-hour chart, the pound against the US dollar has formed thief Reversal pattern near the support level. At the moment, the pair is reversing in the form of a new ascending impulse wave. In this case, the bullish target remains at 1.2365. Later, the market may bounce from the resistance area and resume its decline to reach the target at 1.2135.

British Pounds / US Dollars

Article by RoboForex.com

attention!
The forecasts presented in this section only reflect the author’s own opinion and should not be taken as trading guidelines. RoboForex LP does not assume any responsibility for the trading results based on the trading recommendations described in these analytical reviews.



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