Japanese Candlesticks Analysis 04.06.2018 (GOLD, NZDUSD)

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, after reaching the support level, XAUUSD is still forming Hammer, Inverted Hammer, and Doji reversal patterns. Judging by the previous movements, it may be assumed that after finishing this sideways movement the price may resume moving upwards.

NZDUSD, “New Zealand vs. US Dollar”

As we can see in the H4 chart, NZDUSD has reached a new high, completed the correction towards the low with Engulfing reversal pattern. Judging by the previous movements, at the moment it may be assumed that the instrument may update its closest high and continue the uptrend.