XAUUSD, “Gold vs US Dollar”
Gold keeps developing ascending dynamics. On H4, XAUUSD first formed several reversal candlestick patterns at the lower border of the channel, including a Hammer, and executed the signal. At the moment, the price is moving in the middle of the ascending channel. The target level for further growth after a correction will be 1600.00. However, the price may also return to the support level at 1584.00.
NZDUSD, “New Zealand Dollar vs US Dollar”
On H4, the pair keeps forming a descending channel. At the support level, a number of reversal candlesticks have been formed, including a Hammer. At the moment we may suppose that the execution of the signals of the reversal patterns will entail a correction. After a pullback, the decline may continue; the price might break out the support level and test 0.6350. A deeper correction to 0.6440 might also happen.
GBPUSD, “Great Britain Pound vs US Dollar”
On H4, the pair is trading near the support level. Several reversal patterns, including a Harami, have been formed. With the execution of the patterns, the price may grow to 1.3055. However, the situation may also develop in a breakout of the support level, a test of 1.2979 and further decline.
