XAU/USD

As we can see in the H4 chart, the rising tendency continues. After completing the pullback and then forming a “Hammer pattern”, is reversing. The next upside target may be the resistance area at 1945.00. At the same time, an opposite scenario implies that the price may form another correction with the target at 1888.00 before resuming the uptrend.

XAUUSD

NZD/USD

As we can see in the H4 chart, the rising movement continues. After forming an “Engulfing” pattern close to the horizontal support level, may reverse and then resume moving upwards. The next upside target may be the channel’s upside border at 0.6710. Still, an alternative scenario says that the pair may continue trading downwards to reach the support level at 0.6515.

NZDUSD

GBP/USD

As we can see in the H4 chart, the uptrend continues. By now, has formed several reversal patterns, such as “Hammer”, not far from the support area. At the moment, the pair is still reversing and may later grow to reach the target at 1.3135. However, there might be another scenario, according to which the price may start a new pullback towards 1.2866 before resuming its growth.

GBPUSD

Disclaimer: Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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