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Japanese Candlesticks Analysis 12.03.2018 (GOLD, NZDUSD)

12 march 2018 - Fx4News

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, after reaching the support level, XAUUSD has formed several Hammer and Doji reversal patterns. These patterns indicate that the instrument may have completed the correction and may soon resume moving to the upside.

GOLDRisk Warning: the results 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, after reaching another resistance level, NZDUSD has formed several Shooting Start and Hanging Man reversal patterns there. At the moment, it may be assumed that these candlesticks indicate that the instrument may be corrected for a while before starting a new ascending movement.

NZDUSDRisk Warning: the results of previous trading operations do not guarantee the same results in the future.

 

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