Japanese Candlesticks Analysis 01.11.2018 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD has completed another correction from the resistance level and formed Doji, Hammer, and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that after finishing the correction the instrument may continue its ascending movement.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, NZDUSD has finished another correction with Doji and Inverted Hammer reversal patterns. Right now, the price is testing the resistance level. Judging by the previous movements, it may be assumed that the instrument may test and break the resistance level, and then continue its growth.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
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