Japanese Candlesticks Analysis 22.11.2018 (GOLD, NZDUSD)

23rd November 2018 Off By binary
Japanese Candlesticks Analysis 22.11.2018 (GOLD, NZDUSD)

Article By RoboForex.com

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD has completed another growth and formed several Hanging Man, Engulfing, and Shooting Star reversal patterns. Right now, the pair may be corrected again. Judging by the previous movements, it may be assumed that after finishing the pullback the instrument may start a new 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”

As we can see in the H4 chart, NZDUSD is still testing the resistance level and forming Harami, Shooting Star, and Doji reversal patterns. Judging by the previous movements, it may be assumed that the test may result in another breakout and the instrument will 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.

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