Japanese Candlesticks Analysis 28.03.2018 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, after reaching the resistance level, XAUUSD has formed several Shooting Star and Hanging Man reversal patterns there. At the moment, it may be assumed that these patterns indicate a possible reverse and a new decline.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, after not being able to break the resistance level, NZDUSD has formed several Shooting Star and Doji reversal patterns. Judging by the previous movements, these candlesticks may indicate a new descending movement soon.
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