Japanese Candlesticks Analysis 09.11.2018 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD is forming another correction from the resistance level with Doji and Hammer reversal patterns. Judging by the previous movements, it may be assumed that after finishing the correction the instrument may continue its ascending movement.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, NZDUSD has reached the resistance level and formed Doji and Shooting Star reversal patterns. Right now, the price is being corrected from the resistance level again. Judging by the previous movements, it may be assumed that the instrument may complete the pullback with Hammer and Inverted Hammer reversal patterns and continue its growth.
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