XAUUSD, “Gold vs US Dollar”
Gold has formed a Harami reversal pattern. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be 2070.00. Upon testing the resistance, the price might break it and continue developing the uptrend. However, the quotes could pull back to 2005.00 before rising.
NZDUSD, “New Zealand Dollar vs US Dollar”
NZDUSD has formed a Hammer reversal pattern on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be 0.6250. Upon breaking the resistance, the quotes could continue the uptrend. However, the pair might correct to 0.6110 and develop the uptrend, once the test of the support level is over.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has formed a Hammer reversal pattern on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The growth target could be 1.2745. However, the price might pull back to 1.2580 and extend the uptrend upon testing the support level.
