Article By RoboForex.com
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, after breaking the support level, XAUUSD has formed several Doji, Hammer, and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that the price may try to rebound in the nearest future and start a new ascending tendency.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, after breaking the support level, NZDUSD has formed several Hammer, Engulfing, and Harami reversal patterns. At the moment, it may be assumed that the instrument may update the lows, reverse, and resume the uptrend.
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.
