Japanese Candlesticks Analysis 07.01.2019 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD has broken another resistance level, formed Shooting Star and Harami reversal patterns, and then completed one more correction. Judging by the previous movements, it may be assumed that after finishing another pullback the instrument may start a new ascending movement.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, NZDUSD is moving upwards and trading at the resistance level and forming Hanging Man and Shooting Star reversal patterns. Judging by the previous movements, it may be assumed that after testing the resistance level and completing another pullback the instrument may 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.