Japanese Candlesticks Analysis 13.12.2017 (GOLD, NZD/USD)
XAU USD, “Gold vs US Dollar”
As we can see at the H4 chart, after reaching the support level, the XAU/USD pair has formed several Doji and Long-Legged Doji patterns. These patterns indicate that the instrument may be corrected before starting a new decline.
NZD USD, “New Zealand vs. US Dollar”
As we can see at the H4 chart, the NZD/USD pair has formed Harami and Shooting Star patterns near the resistance level. These patterns indicate that before starting a new growth, the instrument may be corrected towards 0.6900.
RoboForex Analytical Department
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.