Japanese Candlesticks Analysis 18.12.2018 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD is still trading below the resistance level and forming Hanging Man, Shooting Star, and Harami reversal patterns. Judging by the previous movements, it may be assumed that after finishing another pullback the instrument may start a new ascending movement.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, NZDUSD is still moving upwards from the resistance level and forming Harami, Engulfing, and Doji reversal patterns. By now, it has finished Shooting Star pattern. Judging by the previous movements, it may be assumed that after completing the pullback the instrument may continue its growth.
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.