Japanese Candlesticks Analysis 09.05.2018 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD is trading close to the support level and forming Inverted Hammer, Engulfing, and Doji reversal patterns there. At the moment, it may be assumed that this sideways movement may finish soon and the instrument will resume moving upwards.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, NZDUSD continues falling; it is reaching new lows and forming Hammer, Engulfing, and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that the instrument may be corrected for a while before it resumes its decline.
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