Japanese Candlesticks Analysis 11.07.2018 (GOLD, NZDUSD)

11.07.2018

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, after rebounding from the support level, XAUUSD has formed several Hammer, Doji, and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that the price is starting a new ascending tendency.

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 started a new ascending tendency. Right now, the pair is being corrected and forming Hammer and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that the instrument may be corrected for a while and then resume the uptrend.

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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