XAU USD, “Gold vs US Dollar”
As we can see at the H4 chart, after finishing another pullback from the resistance level, the XAU/USD pair has formed Inverted Hammer and Hammer patterns. These patterns indicate that the correction is probably complete and the instrument may resume moving upwards to reach 1295.74.
NZD USD, “New Zealand vs. US Dollar”
As we can see at the H4 chart, after completing Engulfing pattern, the NZD/USD has been corrected towards the support level and formed Hammer pattern there. Taking into account previous reversal patterns, we may assume that this candlestick indicates that the decline is over and the instrument may continue moving upwards with the target at 0.6918.
RoboForex Analytical Department