Japanese Candlesticks Analysis 07.06.2018 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, after reaching the support level, XAUUSD is still moving sideways and forming Harami, Hammer, Inverted Hammer, and Doji reversal patterns. Judging by the previous movements, it may be assumed that after finishing this sideways movement the price may resume moving upwards.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, after reaching a new high, NZDUSD has formed several Shooting Star and Doji reversal patterns along with the correction. Judging by the previous movements, at the moment it may be assumed that the instrument may complete the correction, update its closest high, and then continue the uptrend.
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