Japanese Candlestick Analysis for GOLD and NZDUSD: 27/03/2019
GOLD
On H4, the gold is rising, making pullbacks every now and again. A correction is happening, with the price forming such reversal patterns as doji, inverted hammer, and engulfment. By analyzing the previous moves, one can assume the pair may continue uptrending once the pullback is over.
NZDUSD
On H4, the pair has formed a few reversal patterns, such as falling star and doji, and bounced off the resistance. The NZDUSD is now trading near the support. By analyzing the previous moves, one can assume the NZDUSD may start forming a new uptrend after a correction.
GOLD
On H4, the gold is rising, making pullbacks every now and again. A correction is happening, with the price forming such reversal patterns as doji, inverted hammer, and engulfment. By analyzing the previous moves, one can assume the pair may continue uptrending once the pullback is over.
NZDUSD
On H4, the pair has formed a few reversal patterns, such as falling star and doji, and bounced off the resistance. The NZDUSD is now trading near the support. By analyzing the previous moves, one can assume the NZDUSD may start forming a new uptrend after a correction.
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.