Japanese Candlesticks Analysis 14.02.2018 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD has formed several Hammer and Inverted Hammer patterns and rebounded from the support level. Right now, one may assume that these patterns indicate that the instrument may continue growing to update its closest highs.
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 has formed several Hammer and Inverted Hammer patterns and rebounded from the support level. At the moment, one may assume that it may be a signal for a new ascending movement.
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.