Japanese Candlesticks Analysis 23.01.2019 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD has rebounded from the support level and formed Hammer, Inverted Hammer, and Harami reversal patterns. Judging by the previous movements, it may be assumed that after finishing another correction the instrument may break the closest resistance level and continue its ascending movement.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, NZDUSD has completed another pullback from the support level and formed Hammer, Harami, and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that the instrument may continue its growth towards the closest resistance level.
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.