Japanese Candlesticks Analysis 05.02.2019 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD has rebounded from the resistance level and formed Hanging Man, Doji, Harami, and Shooting Star reversal patterns. Judging by the previous movements, it may be assumed that after finishing another correction the instrument may continue its ascending movement.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, NZDUSD is trading below the resistance level and forming Shooting Star, Harami, and Hanging Man reversal patterns. Judging by the previous movements, it may be assumed that the instrument may complete another pullback 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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