Japanese Candlesticks Analysis 31.01.2019 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD has broken the resistance level and formed Hanging Man and Shooting Star reversal patterns. Judging by the previous movements, it may be assumed that after finishing another correction the instrument may continue its ascending movement.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, NZDUSD has moved upwards, broken the resistance level, and formed Shooting Star reversal pattern. Judging by the previous movements, it may be assumed that the instrument may complete another pullback and then continue its growth.
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.