Japanese Candlesticks Analysis 26.04.2018 (GOLD, NZDUSD)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD has formed several Hammer and Doji reversal patterns. Judging by the previous movements, at the moment it may be assumed that the instrument may be corrected a bit before starting a new decline.

NZDUSD, “New Zealand vs. US Dollar”

As we can see in the H4 chart, NZDUSD has formed several Hammer and Inverted Hammer reversal patterns and right now continues falling. Judging by the previous movements, it may be assumed that the instrument may be slightly corrected and then continue trading to the downside.

RoboForex Analytical Department