XAU/USD
As we can see in the H4 chart, the uptrend continues. After finishing a "Harami"reversal pattern not far from the resistance level, XAU/USD is reversing and correcting towards rising channel’s downside border. One may assume that later the pair may complete the pullback and resume trading upwards. In this case, the upside target is at 1825.00. At the same time, one shouldn’t exclude an alternative scenario, according to which the market may fall and return to 1785.00.
XAUUSD
NZD/USD
As we can see in the H4 chart, the ascending tendency continues. After forming a "Hanging Man"pattern not far from the resistance level and reversing, NZD/USD has corrected towards the support area at 0.6520 and rebounded from it. After that, the instrument may resume growing to reach the target at 0.6590.
NZDUSD
GBP/USD
As we can see in the H4 chart, the pair is forming the ascending channel. After forming a "Hammer"pattern close to the downside border, GBP/USD has started reversing. In this case, the upside target is at 1.2710. After testing this level, the instrument may continue trading upwards. However, there might be another scenario, according to which the price may fall to return to 1.2485.
GBPUSD
Disclaimer:Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. Robo
Forex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
