Japanese Candlesticks Analysis 24.06.2019 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, the ascending tendency continues. XAUUSD has formed Shooting Star pattern near the channel’s upside border followed by a slight correction. Right now, price is trying to break the closest high. If it succeeds, the pair may continue growing towards 1435.00. At the same time, we shouldn’t exclude an opposite scenario, which implies that the price may reverse and resume moving downwards to reach the channel’s downside border at 1358.00.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, after testing the horizontal support line, NZDUSD formed Hammer pattern at 0.6488. By now, the price has reversed to reach the first target at 0.6575. Possibly, the price may be corrected a bit and then continue growing towards the resistance line at 0.6676. At the same time, one shouldn’t exclude an opposite scenario, according to which the instrument may return to 0.6577.
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.
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