Japanese Candlesticks Analysis 06.02.2018 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD has completed the correction with Hanging Man pattern at the top of it. This pattern may signal that the pullback is over and the instrument may start falling.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, NZDUSD has formed several Hammer, Inverted Hammer, and Engulfing reversal patterns, which indicate that the decline may be over and the instrument may resume trading upwards.
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.