Japanese Candlesticks Analysis 19.11.2018 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD has completed another growth and formed several Hanging Man and Shooting Star reversal patterns. Right now, the pair is being corrected again. Judging by the previous movements, it may be assumed that after finishing the pullback the instrument may start a new ascending movement.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, NZDUSD has finished another growth. Right now, the price is testing the resistance level again and forming Harami, Engulfing, and Doji reversal patterns. Judging by the previous movements, it may be assumed that the instrument may break the level 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.