Article By RoboForex.com
XAU USD, “Gold vs US Dollar”
As we can see at the H4 chart, the XAU/USD pair has finished several Hammer and Inverted Hammer reversal patterns while forming the correction. These patterns may signal that the pullback is over and the instrument may resume growing.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
NZD USD, “New Zealand vs. US Dollar”
As we can see at the H4 chart, the current correction has been lasting for several days. By now, the NZD/USD pair has formed several more Hammer, Doji, and Inverted Hammer patterns at the support level. Judging by the current uptrend, we may assume that the uptrend may continue after the instrument finishes the pullback.
Free Reports:
Get Our Free 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.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
RoboForex Analytical Department
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.
