Japanese Candlesticks Analysis 06.08.2018 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD is still testing the support level and forming Hammer, Doji, and Inverted Hammer reversal patterns there. Judging by the previous movements, it may be assumed that the price may finish the correction soon, rebound from the support level, and then start a new ascending tendency.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, NZDUSD is still trading upwards. Right now, the pair is being corrected again and forming Hammer, Inverted Hammer, and Doji reversal patterns. Judging by the previous movements, it may be assumed that the instrument may be corrected for a while and then resume the uptrend.
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