Japanese Candlestick Analysis for GOLD and NZDUSD: 20.09.2018

20.09.2018

GOLD

On H4, the yellow metal is trading near the resistance and is forming reversal patters, such as harami, engulfing patters, and doji. By analyzing the previous moves, one can assume the gold may start forming a new uptrend after rangebound trading.

GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

NZDUSD

On H4, the pair is rising, making some insignificant pullbacks and forming such reversal patterns as harami and the engulfing pattern. The price has reached the current resistance, and may make another pullback before continuing the ascending trend.

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.