Japanese Candlesticks Analysis 10.01.2019 (GOLD, NZDUSD)

10.01.2019

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD is testing the resistance level again and forming Shooting Star and Hanging Man 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 is trading near the resistance level and forming Hanging Man and Shooting Star reversal patterns. Judging by the previous movements, it may be assumed that after testing the resistance level and completing another pullback 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.

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