Japanese Candlestick Analysis for GOLD and NZDUSD: 27/03/2019

March 27, 2019

Article By RoboForex.com

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.

GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

NZDUSD


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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.

NZDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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.

GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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.

NZDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.