Japanese Candlesticks Analysis 24.01.2018 (GOLD, NZD/USD)
XAU USD, “Gold vs US Dollar”
As we can see at the H4 chart, the XAU/USD pair has completed the correction by forming several Doji and Engulfing reversal patterns. In this light, we may assume that 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 Shooting Star reversal patterns, the NZD/USD pair has updated its highs. Judging by the current uptrend, we may assume that the ascending tendency may continue despite the above-mentioned reversal patterns.
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.