Japanese Candlesticks Analysis 20.03.2018 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD continues trading at the support level and forming Hammer reversal patterns. These patterns indicate that the instrument may trade sideways for a while, but then rebound from the support level and then resume moving to the upside.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, after reaching the support level, NZDUSD has formed Harami, Doji, and Hammer reversal patterns there. At the moment, it may be assumed that the instrument may rebound from the support level and resume its ascending movement towards the resistance one.
RoboForex 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.