Japanese Candlesticks Analysis 08.02.2019 (GOLD, NZDUSD)

08.02.2019

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD is still being corrected from the resistance level; it has already formed several Hammer and Harami reversal patterns. Judging by the previous movements, it may be assumed that after finishing another 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 complete another pullback from the resistance level and formed Inverted Hammer and Engulfing reversal patterns. Judging by the previous movements, it may be assumed that the instrument may complete another correction and then 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.

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