Japanese Candlesticks Analysis 18.04.2018 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD continues forming Engulfing and Doji reversal patterns at the support level. At the moment, it may be assumed that the instrument may continue growing to update its closest highs.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, after finishing a slight pullback, NZDUSD has formed several Doji, Harami, and Hanging Man reversal patterns below the resistance level and right now it is testing the level again. At the moment, it may be assumed that despite these reversal candlesticks the instrument may break the level and update its highs.
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.