Japanese Candlesticks Analysis 15.06.2018 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, after reaching the support level, XAUUSD is still moving sideways and forming Harami, Hammer, Shooting Star, and Engulfing reversal patterns. Judging by the previous movements, it may be assumed that after finishing this sideways movement the price may try to update its closest highs and start forming a new ascending tendency.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, after reaching a new high, NZDUSD has rebounded towards the support level. Right now, the price is forming several Hammer reversal patterns. At the moment, it may be assumed that the instrument may complete the pullback and continue the uptrend.
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.