Japanese Candlesticks Analysis 07.03.2018 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, after rebounding the support level, XAUUSD is being corrected once again and has already formed several Shooting Star and Doji reversal patterns. These patterns indicate that the instrument may complete the correction soon and then resume moving to the upside.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, after reaching another resistance level, NZDUSD has formed several Hanging Man reversal patterns, which may indicate that the instrument may be corrected before starting a new ascending movement.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
RoboForex Analytical Department
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