Abstract:Gold has formed a Hanging Man reversal pattern. Currently, the instrument could go by the reversal signal in a descending wave. The correction target might be 2040.00. Upon testing the support, the price could rebound from this level and continue developing the uptrend. However, the price might rise to 2085.00 without any correction.
XAUUSD, “Gold vs US Dollar”
Gold has formed a Hanging Man reversal pattern. Currently, the instrument could go by the reversal signal in a descending wave. The correction target might be 2040.00. Upon testing the support, the price could rebound from this level and continue developing the uptrend. However, the price might rise to 2085.00 without any correction.
NZDUSD, “New Zealand Dollar vs US Dollar”
NZDUSD has formed a Hanging Man reversal pattern on H4. Currently, the instrument could go by the reversal signal in a descending wave. The correction target might be 0.6260. After a rebound from the support, the quotes might continue the uptrend. However, the price could grow to 0.6360 and develop the uptrend without any correction.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has formed a Harami reversal pattern on H4. Currently, the instrument could go by the reversal signal in a descending wave. The pullback target might be 1.2660. However, the price could rise to 1.2780 and extend the uptrend without testing the support.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
The US stock index futures had a solid start to the week, suggesting that the market's perception of risk has changed. The preliminary April Consumer Confidence numbers will be released by the European Commission on Monday, along with a speech by the president of the European Central Bank (ECB). No significant data releases on the US economic docket are scheduled.
Interactive Brokers expands its product suite with Daily Options on the CAC 40 index, providing investors with more tools for short-term trading strategies.
In a cautionary tale that reverberates through the digital trading landscape, Moideen, found himself ensnared in the web of deception spun by Spring FX Signals.
In a distressing account reminiscent of online trading nightmares, Govindaraj.M, a 43-year-old resident of India, fell victim to the dubious practices of the Capitalix brokerage platform.