Japanese Candlesticks Analysis 05.04.2018 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD has been corrected and formed several Harami and Shooting Star reversal patterns. At the moment, it may be assumed that the instrument may continue falling towards the support level at 1318.00.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, NZDUSD has reached the resistance level and formed several Shooting Star and Engulfing reversal patterns there. Right now, it may be assumed that these candlesticks may indicate a new descending movement.
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