Japanese Candlesticks Analysis 15.01.2019 (GOLD, NZDUSD)

15.01.2019

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD is still testing the resistance level again and forming Shooting Star, Doji, and Hanging Man reversal patterns. Judging by the previous movements, it may be assumed that after finishing the correction the instrument may break the level and continue its ascending movement.

GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

NZDUSD, “New Zealand vs. US Dollar”

As we can see in the H4 chart, NZDUSD is still trading near the resistance level and forming Doji, Hanging Man, and Shooting Star reversal patterns. Judging by the previous movements, it may be assumed that after testing the resistance level and completing another pullback the instrument may continue its growth.

NZDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

Attention!

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.