1. XAU/USD
As we can see in the H4 chart, the uptrend continues. After finishing a "Shooting Star" pattern not far from the resistance level, XAU/USD may reverse and correct towards the support area at 1960.00. Later, the price is expected to rebound from this level and resume trading upwards. In this case, the upside target may be at 2050.00.
2. NZD/USD
As we can see in the H4 chart, NZD/USD is still correcting withing the descending tendency. After forming a "Doji" pattern close to the support level, NZD/USD has started reversing. At the moment, the price is expected to resume growing towards the resistance area at 0.6635. Later, the market may rebound from the channel’s upside border and resume falling. In this case, the downside target may be the support area at 0.6535.
3. GBP/USD
As we can see in the H4 chart, the pair is still forming the ascending tendency. After forming a "Harami" pattern close to the resistance level, GBP/USD may reverse and form a slight correction towards the rising channel’s downside border. Later, the market may resume trading upwards. In this case, the upside target is at 1.3325. However, there might be another scenario, according to which the price may reverse and start a pullback towards 1.3110.
Disclaimer: Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.