Japanese Candlesticks Analysis 15.03.2018 (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, Engulfing, and Inverted Hammer reversal patterns. These patterns indicate that the instrument may trade sideways for a while and then resume moving to the upside.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, after reaching another resistance level, NZDUSD has formed Engulfing and Shooting Star reversal patterns there. At the moment, it may be assumed that after finishing the correction the instrument may break the level and continue its ascending movement.
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.