Japanese Candlesticks Analysis 04.04.2019 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD has reached the support level; right now, it is trading close to it and forming Hammer, Inverted Hammer, and Doji reversal patterns. Judging by the previous movements, it may be assumed that after finishing the pullback the instrument may continue its ascending movement.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, NZDUSD is testing the support level and forming Hammer, Harami, and Doji reversal patterns. Judging by the previous movements, it may be assumed that after testing the level the instrument may continue its growth.
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