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Japanese Candlesticks Analysis 18.01.2019 (GOLD, NZDUSD)

18 january 2019 - Fx4News

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD is still testing the resistance level again and forming Shooting Star, Doji, and Hanging Man reversal patterns. Judging by the previous movements, it may be assumed that after finishing the correction the instrument may break the level and continue its 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 has completed another pullback from the resistance level and formed Hammer and Inverted reversal patterns. Judging by the previous movements, it may be assumed that after finishing the correction the instrument may continue its growth.

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

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