Japanese Candlesticks Analysis 01.05.2018 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD continues falling; it has formed several Hammer, Engulfing, 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 continues falling and forming Hammer and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that the instrument may continue trading to the downside despite the above-mentioned reversal candlesticks.
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