Article By RoboForex.com
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD has formed an Engulfing reversal pattern not far from the resistance area. At the moment, the asset is reversing in the form of a new correctional impulse. In this case, the downside correctional target may be the support level at 1840.50. At the same time, an opposite scenario implies that the price may grow to reach 1885.50 and continue the descending tendency without any pullbacks.
NZDUSD, “New Zealand vs US Dollar”
As we can see in the H4 chart, NZDUSD has formed a Doji reversal pattern close to the resistance area. At the moment, the asset is reversing in the form of a new correctional impulse. In this case, the downside target may be at 0.6390. After that, the asset may rebound from the support level and resume moving upwards. However, an alternative scenario implies that the price may grow to reach 0.6525 without any corrections.
Free Reports:
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, GBPUSD has formed several reversal patterns, such as Doji, near the resistance level. At the moment, the pair is reversing in the form of a new correctional impulse. In this case, the downside correctional target may be at 1.2515. After testing the support area, the market may rebound from it and resume trading upwards. Still, there might be an alternative scenario, according to which the asset may grow to reach 1.2670 without testing the support area.
Article By RoboForex.com
Attention!
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.
- Negotiations between the US and Iran have failed. Oil prices are back above 90 dollars per barrel Apr 22, 2026
- USD/JPY Pulls Higher: Yen Doubts Bank of Japan Apr 22, 2026
- NZD and CAD strengthen amid rising inflationary pressure Apr 21, 2026
- Pound Declines Amid Geopolitics and Political Risks Apr 21, 2026
- EUR/USD Starts the Week Higher, but the Outlook Remains Unstable Apr 20, 2026
- The situation in the Strait of Hormuz remains uncertain Apr 20, 2026
- The CHF exchange rate has reached a 15‑year high – the SNB signaled readiness for active currency interventions Apr 17, 2026
- USD/JPY in Positive Territory: Yen Erases All Weekly Gains Apr 17, 2026
- A strong labor market supports the Australian dollar. China’s economy continues to show resilience Apr 16, 2026
- EUR/USD Rallies as Gains Extend to Nine Consecutive Sessions Apr 16, 2026
