Japanese Candlesticks Analysis 27.08.2018 (GOLD, NZDUSD)

27.08.2018

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD has reached the resistance level and right now is forming Hammer and Harami reversal patterns there. Judging by the previous movements, it may be assumed that the price may complete the pullback and then start a new ascending movement.

GOLD
Risk Warning: the result 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 is still trading upwards; right now, it is being corrected and forming Long-Legged Doji, Hammer, and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that the instrument is forming another correction before starting a new growth.

NZDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

Attention!

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.