Japanese Candlesticks Analysis 06.11.2018 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD is forming another correction from the resistance level with Doji, Shooting Star, and Hanging Man reversal patterns. Judging by the previous movements, it may be assumed that after finishing the correction the instrument may continue its ascending movement.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, NZDUSD has reached the resistance level and formed Hanging Man, Gravestone Doji, and Shooting Star reversal patterns. Right now, the price is being corrected from the resistance level again. Judging by the previous movements, it may be assumed that the instrument may complete the pullback, break the resistance level, 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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