Japanese Candlesticks Analysis 03.05.2019 (GOLD, NZDUSD)

03.05.2019

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD is still testing the support level and forming Hammer and Harami reversal patterns. Judging by the previous movements, it may be assumed that after finishing the correction, the instrument may continue its ascending movement.

GOLD
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 been corrected towards the support level and formed Hammer, Long-Legged Doji, and Harami reversal patterns. Judging by the previous movements, it may be assumed that after testing the level, the instrument may continue its growth.

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

Attention!

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.