Japanese Candlesticks Analysis 08.02.2019 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD is still being corrected from the resistance level; it has already formed several Hammer and Harami reversal patterns. Judging by the previous movements, it may be assumed that after finishing another correction the instrument may continue its ascending movement.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, NZDUSD has complete another pullback from the resistance level and formed Inverted Hammer and Engulfing reversal patterns. Judging by the previous movements, it may be assumed that the instrument may complete another correction 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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