Japanese Candlestick Analysis for GOLD and NZDUSD: 22/03/2019

22.03.2019

GOLD

On H4, the gold is rising, making pullbacks every now and again. A correction is happening, with the price forming such reversal patterns as the hammer, harami, and engulfment. By analyzing the previous moves, one can assume the gold may continue uptrending once the pullback is over.

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

NZDUSD

On H4, the pair has formed a few reversal patterns, such as falling star and hanging man, and bounced off the resistance. By analyzing the previous moves, one can assume the NZDUSD may start forming a new uptrend after a correction.

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.