Japanese Candlesticks Analysis 18.01.2019 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD is still testing the resistance level again and forming Shooting Star, Doji, and Hanging Man reversal patterns. Judging by the previous movements, it may be assumed that after finishing the correction the instrument may break the level and continue its ascending movement.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, NZDUSD has completed another pullback from the resistance level and formed Hammer and Inverted reversal patterns. Judging by the previous movements, it may be assumed that after finishing the correction the instrument may continue its growth.
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.