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Japanese Candlesticks Analysis 06.06.2022 (XAUUSD, NZDUSD, GBPUSD)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD has formed a Harami reversal pattern not far from the support area. At the moment, the asset is reversing in the form of a new ascending impulse. In this case, the upside …

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD has formed a Harami reversal pattern not far from the support area. At the moment, the asset is reversing in the form of a new ascending impulse. In this case, the upside target may be the resistance level at 1885.50. At the same time, an opposite scenario implies that the price may fall to reach 1845.00 before resuming the ascending tendency.

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Risk Warning: the result of previous trading operations do not guarantee the same results in the future

NZDUSD, “New Zealand vs US Dollar”

As we can see in the H4 chart, NZDUSD has formed a Hammer reversal pattern close to the support area during the pullback. At the moment, the asset may reverse in the form of a new ascending impulse. In this case, the upside target may be at 0.6600. After that, the asset may break the resistance level and continue moving upwards. However, an alternative scenario implies that the price may correct to reach 0.6465 first and then resume its growth.

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NZDUSD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, GBPUSD has formed an Inverted Hammer reversal pattern near the support level. At the moment, the pair is reversing in the form of a new rising impulse. In this case, the upside correctional target may be at 1.2565. Still, there might be an alternative scenario, according to which the asset may fall to reach 1.2390 without any pullbacks towards the resistance area.

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GBPUSD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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