Japanese Candlesticks Analysis 02.03.2018 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, after reaching the support level, XAUUSD has formed several Hammer and Inverted Hammer reversal patterns. These patterns indicate that the instrument may rebound from the level and then resume moving to the upside.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, after rebounding from the support level, NZDUSD moved upwards a bit and then formed Hanging Man pattern, which may indicate that the instrument may be corrected before starting a new ascending movement.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
RoboForex Analytical Department
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