Japanese Candlesticks Analysis 09.08.2018 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD is still testing the support level and forming Hammer, engulfing, Doji, and Inverted Hammer reversal patterns there. Judging by the previous movements, it may be assumed that the price may continue trading near the support level for a while, rebound from it, and then start a new ascending tendency.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, NZDUSD is still trading downwards. Today’s trading session opened with a gap and right now the pair is falling and forming Hammer and Doji reversal patterns. Judging by the previous movements, it may be assumed that the instrument may try to confuse and mislead investors before starting a new growth.
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