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Japanese Candlestick Analysis for GOLD and NZDUSD: July 19.07.2018, 2018

19 july 2018 - Fx4News

GOLD

On H4, the gold is again forming reversal patterns, such as hammer, inverted hammer, and harami, after reaching the support. By analyzing the previous moves, one can assume the pair may bounce off and start forming a new uptrend after such a pullback.

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

NZDUSD

On H4, the NZDUSD is forming an uptrend. Currently, the price is correcting and forming such reversal patterns as hammer, inverted hammer, and engulfment. By analyzing the previous moves, one can assume this is a minor pullback before the ascending move continuation.

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

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