Japanese Candlesticks Analysis 11.01.2018 (GOLD, NZD/USD)

Article By RoboForex.com

XAU USD, “Gold vs US Dollar”

At the H4 chart, the XAU/USD pair continues the correction by forming Harami, Shooting Star, and Engulfing reversal patterns. Taking into account the current uptrend, we may assume that the price may resume growing and update the closest highs.

GOLD

 

NZD USD, “New Zealand vs. US Dollar”


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After forming several Doji, Harami, and Shooting Star reversal patterns at the H4 chart, the NZD/USD pair stopped growing. Judging by the current uptrend, we may assume that after finishing the correction the instrument may continue growing despite the above-mentioned reversal patterns.

NZDUSD

 

RoboForex Analytical Department

Article By RoboForex.com

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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.