Japanese Candlesticks Analysis 19.02.2018 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD has formed several Shooting Star and Doji patterns at the resistance level and then rebounded from it. Right now, it may be assumed that the instrument may resume moving to the downside soon.
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 formed several Shooting Star and Engulfing reversal patterns and updated the highs. At the moment, it may be assumed that these patterns may be a signal for a new descending movement.
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.