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EUR USD, “Euro vs. US Dollar”
As we can see at the H4 chart, being influenced by the weakening of the USD, the pair completed the correction, formed Harami, Engulfing, Doji, and Long-Legged Doji patterns, and then started moving upwards slowly and breaking bearish signals. At the moment, the upside target is at the resistance level at 1.2060.
XAU USD, “Gold vs US Dollar”
The instrument is still moving upwards. At the H4 chart of XAU USD, the price is constantly forming Hammer, Engulfing, Doji, and Inverted Hammer patterns at the bottoms of the corrections. Right now, the pair is being corrected again. The upside target is at the resistance level at 1356.80.
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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.