Japanese Candlestick Analysis 28.07.2017 (EURUSD, GOLD)
EURUSD
On the H4-chart of EUR/USD there are Engulfing, Harami and Doji candlesticks being formed on the support level of the ascending channel.This once again confirms the ascending tendency to be extended.
GOLD
On the H4-chart the pair there are Engulfing, Hammer and Long-Legged Doji patterns being formed by turns. Those patterns have been formed at the support level of the ascending channel. All those confirm continuation of the current trend. Having completed a light correction, the pair is moving towards a resistance level 1268.50.
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.