XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, after testing the support level and forming several reversal patterns, including Hammer, XAUUSD is reversing. If later the price rebounds from the level, the pair may get back inside the rising channel and continue the uptrend. In this case, the upside target may be at 1750.00.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, after forming several reversal patterns, including Shooting Star, not far from the resistance level, the pair is still moving close to the rising channel’s upside border. Possibly, after reversing, NZDUSD may correct towards 0.6145. After this pullback, the instrument may resume moving upwards. In this case, the upside target may be at 0.6255.
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, GBPUSD has formed several reversal patterns, such as Harami, while testing the resistance level. At the moment, the pair is starting to reverse. The upside target is at 1.2421. However, there is another scenario, which implies that the instrument may fall to return to 1.2240.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is intended for our customers, and is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.