Japanese Candlesticks Analysis 06.07.2018 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, after rebounding from the support level, XAUUSD has formed several Harami, Hammer, and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that the price is starting a new ascending tendency.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, NZDUSD has formed several Hammer, Engulfing, and Harami reversal patterns and rebounded from the support level. At the moment, it may be assumed that the instrument may start a reverse and resume the uptrend.
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.