Japanese Candlesticks Analysis 19.01.2018 (GOLD, NZD/USD)
XAU USD, “Gold vs US Dollar”
As we can see at the H4 chart, after completing the correction, the XAU/USD pair has formed several Doji and Hammer reversal patterns. In this light, we may assume that the pullback is over and the instrument may resume growing and update the closest highs.
NZD USD, “New Zealand vs. US Dollar”
As we can see at the H4 chart, after forming several Hanging Man, Shooting Star, and Doji reversal patterns below the resistance level, the NZD/USD pair has started a new correction. Judging by the current uptrend, we may assume that after finishing the correction the instrument may continue growing despite the above-mentioned reversal patterns.
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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.