Japanese Candlesticks Analysis 11.03.2019 (GOLD, NZDUSD)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD has reached the support level and formed several Engulfing, Hammer, and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that after testing the support level the instrument may continue its ascending movement.

NZDUSD, “New Zealand vs. US Dollar”

As we can see in the H4 chart, NZDUSD has reached another support level; right now, it is forming Harami, Inverted Hammer, and Hammer reversal patterns. Judging by the previous movements, it may be assumed that after finishing the correction the instrument may rebound and continue its growth.