Japanese Candlesticks Analysis 01.02.2018 (GOLD, NZD/USD)
XAU USD, “Gold vs US Dollar”
As we can see at the H4 chart, the XAU/USD pair has finished several Hammer and Inverted Hammer reversal patterns while forming the correction. These patterns may signal that the pullback is over and the instrument may resume growing.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
NZD USD, “New Zealand vs. US Dollar”
As we can see at the H4 chart, the current correction has been lasting for several days. By now, the NZD/USD pair has formed several more Hammer, Doji, and Inverted Hammer patterns at the support level. Judging by the current uptrend, we may assume that the uptrend may continue after the instrument finishes the pullback.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
RoboForex Analytical Department
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.