Japanese Candlesticks Analysis 08.10.2018 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD has finished the correction from the resistance level and formed several Hammer 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 still falling and forming Engulfing, Doji, and Hammer reversal patterns. Right now, the price is testing another support level. Judging by the previous movements, it may be assumed that the instrument may complete the pullback and then start 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.
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