Japanese Candlestick Analysis for GOLD and NZDUSD: July 24, 2018

24 июля 2018 - Fx4News

GOLD

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

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

NZDUSD

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

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