Japanese Candlesticks Analysis 27.02.2018 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD is trading upwards. By now, it has formed Hammer, Doji, and Inverted Hammer reversal patterns close to the support level. These patterns indicate that the instrument may rebound from the level and then resume moving to the upside and reach new 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 stopped at the support level and formed Doji, Hammer, and Inverted Hammer patterns there. These patterns may indicate that the instrument may start a new growth to update its closest highs.
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.