Japanese Candlesticks Analysis 09.02.2018 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD has completed the correction with several Shooting Star and Hanging Man patterns at the top. Judging by previous movements, one may assume that these patterns signal that the pullback is over and the instrument may continue falling.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
NZDUSD, “New Zealand vs. US Dollar”
In the H4 chart, NZDUSD moved downwards and then formed another correction with Hanging Man and Shooting Star reversal patterns at the top. At the moment, it may be assumed that the pullback is over and the instrument may continue trading to the downside.
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.