Japanese Candlesticks Analysis 26.07.2019 (GOLD, NZDUSD)
GOLD
Gold keeps forming an uptrend. On H4 the pair has formed an Inverted Hammer near the support line. At the current stage, if the signal for the reversal pattern realizes, we may see another rise to 1445.00. At the same time, a reverse scenario should not be excluded: the price may fall and test 1400.00
NZDUSD
On H4 the pair keeps forming an ascending channel. The lower border with a Harami formed is being tested currently. In the present trading situation the price may realize the signal for a reversal pattern and rise to the resistance level at 0.6800. A reverse scenario, however, should not be excluded: the price may break through the current support level and fall to 0.6565.
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.