Japanese Candlesticks Analysis 14.03.2019 (GOLD, NZDUSD)

March 14, 2019

Article By RoboForex.com

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD continues growing with slight pullback from time to time. Right now, the pair is forming Hammer and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that after finishing another pullback the instrument may continue its ascending movement.

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

NZDUSD, “New Zealand vs. US Dollar”


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As we can see in the H4 chart, NZDUSD has rebounded from the support level; right now, it is being corrected and forming Harami, Doji, and Hammer reversal patterns. Judging by the previous movements, it may be assumed that after finishing the correction the instrument may rebound and continue its growth.

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.