Article By RoboForex.com
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD has reached the resistance level and formed several Shooting Star reversal patterns there. Judging by the previous movements, it may be assumed that the price may form another the pullback from the resistance level and then continue its ascending movement.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, NZDUSD is still being corrected and forming Harami, Hammer, and Inverted Hammer reversal patterns. Right now, the price is testing the support level. Judging by the previous movements, it may be assumed that the instrument may complete the pullback and then start 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.
