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Japanese Candlesticks Analysis 18.04.2018 (GOLD, NZDUSD)

18 april 2018 - Fx4News

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD continues forming Engulfing and Doji reversal patterns at the support level. At the moment, it may be assumed that the instrument may continue growing to update its closest highs.

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, after finishing a slight pullback, NZDUSD has formed several Doji, Harami, and Hanging Man reversal patterns below the resistance level and right now it is testing the level again. At the moment, it may be assumed that despite these reversal candlesticks the instrument may break the level and update its highs.

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

 

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