Japanese Candlesticks Analysis 18.04.2018 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD continues forming Engulfing and Doji reversal patterns at the support level. At the moment, it may be assumed that the instrument may continue growing to update its closest highs.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, after finishing a slight pullback, NZDUSD has formed several Doji, Harami, and Hanging Man reversal patterns below the resistance level and right now it is testing the level again. At the moment, it may be assumed that despite these reversal candlesticks the instrument may break the level and update its highs.
RoboForex Analytical Department
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.