Japanese Candlesticks Analysis 30.01.2023 (XAUUSD, NZDUSD, GBPUSD)

30.01.2023

XAUUSD, “Gold vs US Dollar”

At the support level, the pair has formed a Hammer reversal pattern. The instrument is now going by the signal in an ascending wave. The goal of the growth might be 1955.00. Upon testing the resistance level, the pair might get a chance for testing it and breaking through it. However, the price may pull back to 1915.50 before growing.

XAUUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

NZDUSD, “New Zealand Dollar vs US Dollar”

On H4, at the support level, the pair has formed an Inverted Hammer reversal pattern. The instrument is now going by the signal in an ascending wave. The goal of the growth might be 0.6550. Upon breaking through the resistance level, the pair might get a chance for continuing the uptrend. However, the price may pull back to 0.6450 before growing.

NZDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBPUSD, “Great Britain Pound vs US Dollar”

On H4, at the support level, the pair has formed a Hammer reversal pattern. The instrument is now going by the signal in an ascending wave. The goal of the growth might be the resistance level at 1.2480. However, a correction to 1.2340 and further development of the uptrend without any pullback to the support are also possible.

GBPUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

Attention!

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.