Japanese Candlesticks Analysis 10.04.2018 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD has formed several Doji, Harami and Shooting Star reversal patterns. At the moment, it may be assumed that the instrument may fall to update its closest lows.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, after forming several Inverted Hammer and Engulfing reversal patterns at the support level, NZDUSD has started a new decline towards the resistance level and right now is trying to break it. At the moment, it may be assumed that despite these candlesticks the instrument may break the level and continue moving upwards.
RoboMarkets Analytical Department
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.
The material presented and the information contained herein is intended for our customers, and is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.