Article By RoboForex.com
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD is moving not far from the “overbought area”. In this case, the pair is expected to rebound from 8/8 and resume falling to reach the support at 5/8. However, this scenario may be canceled if the price breaks 8/8 to the upside. After that, the instrument may continue growing towards the resistance at +1/8.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.
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
NZDUSD, “New Zealand Dollar vs US Dollar”
In the H4 chart, after rebounding from 5/8, NZDUSD is expected to continue trading upwards to reach the resistance at 7/8. However, this scenario may no longer be valid if the price breaks 5/8 to the downside. After that, the instrument may continue falling towards the support at 4/8.
As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue moving upwards to reach 7/8 from the H4 chart.
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.
- Trade Of The Week: EURCHF to challenge major resistance? Mar 18, 2024
- US stock indices are under quarterly expiration pressure. The focus of attention this week is on central bank meetings Mar 18, 2024
- AUD/USD Stabilizes Amid Chinese Economic Data and US Inflation Concerns Mar 18, 2024
- COT Metals Charts: Speculator Bets led by Silver & Platinum Mar 16, 2024
- COT Bonds Charts: Speculator Bets led by SOFR 3-Months & 10-Year Bonds Mar 16, 2024
- COT Soft Commodities Charts: Speculator Bets led by Corn & Soybeans Mar 16, 2024
- COT Stock Market Charts: Speculator Bets led by Russell & Nikkei 225 Mar 16, 2024
- This Copper Co. May Be a Perfect Proxy for 2024 Metals Advances, Expert Says Mar 15, 2024
- Rising US producer inflation may reduce the number of scheduled Fed rate cuts Mar 15, 2024
- Yen Weakens Despite Japan’s Deflation Exit Mar 15, 2024