Japanese Candlesticks Analysis 07.09.2018 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD continues forming Hammer, Engulfing, and Doji reversal patterns. Judging by the previous movements, it may be assumed that the price may complete the pullback and then continue its ascending movement.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, NZDUSD is being corrected towards the support level once again and forming Hammer and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that the instrument is forming another pullback before starting a new 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.
The material presented and the information contained herein is intended for our customers, and is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.