XAU/USD

As we can see in the H4 chart, the rising tendency continues. After forming another “Hammer” pattern not far from the support area, XAU/USD 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 1865.00 before resuming the uptrend.

XAUUSD

NZD/USD

As we can see in the  H4 chart, the correction continues. After forming several reversal patterns, such as “Harami”, at the top of the correction, NZD/USD may reverse and resume moving downwards. The next downside target may be the support area at 0.6515. Still, an alternative scenario says that the pair may continue trading upwards to reach the channel’s upside border at 0.6710.

NZDUSD

GBP/USD

As we can see in the H4 chart, the correction within the uptrend continues. By now, GBP/USD 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 1.3065. However, there might be another scenario, according to which the price may return to 1.2845 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.

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