Article By RoboForex.com
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD has reached the resistance level and right now is forming Hammer, Doji, and Harami reversal patterns there. Judging by the previous movements, it may be assumed that the price may complete the pullback and then continue its ascending movement.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, NZDUSD is still trading upwards; right now, it is being corrected once again and forming Hammer and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that the instrument is forming another pullback before starting a new growth.
Article By RoboForex.com
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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.