Japanese Candlesticks Analysis 14.05.2018 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, after forming several Hammer and Engulfing reversal patterns, XAUUSD has rebounded from the support level. At the moment, the price is still growing and forming slight corrections from time to time. In the nearest future, the instrument may continue 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, Doji, and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that the instrument may be slightly corrected before it resumes its decline.
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