Japanese Candlesticks Analysis 13.04.2018 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD has been corrected towards the resistance level and formed several Engulfing and Doji reversal patterns there. Judging by the previous movements, at the moment it may be assumed that the correction may complete soon and instrument may continue growing to update its closest highs.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, after forming several Doji, Harami, and Hanging Man reversal patterns below the resistance level, NZDUSD is testing the level again. Judging by the previous movements, at the moment it may be assumed that despite these reversal candlesticks the instrument may break the level and update its highs.
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