Japanese Candlesticks Analysis 22.02.2018 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD is still falling despite Hammer and Inverted Hammer reversal patterns. Right now, it may be assumed that in the short-term the instrument may continue moving to the downside and reach new lows.
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 reached the support level and formed several Doji patterns there. At the moment, it may be assumed that the instrument may continue falling despite the above-mentioned reversal patterns.
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.