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ToolsPartnersAbout usJapanese Candlestick Analysis for GOLD and NZDUSD: July 16, 2018
16.07.2018GOLD
On H4, the gold is again forming reversal patterns, such as hammer, inverted hammer, and doji, after bouncing off a support. By analyzing the previous moves, one can assume the pair may start forming a new uptrend after such a pullback.
NZDUSD
The pair started forming an uptrend on H4. Currently, the price is correcting and forming such reversal patterns as hammer and inverted hammer. By analyzing the previous moves, one can assume this is a minor pullback before the ascending move continuation.
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.