Japanese Candlesticks Analysis 08.10.2018 (GOLD, NZDUSD)

8 октября 2018 - Fx4News

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD has finished the correction from the resistance level and formed several Hammer reversal patterns. Judging by the previous movements, it may be assumed that the price may complete the pullback and then 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 is still falling and forming Engulfing, Doji, and Hammer reversal patterns. Right now, the price is testing another support level. Judging by the previous movements, it may be assumed that the instrument may complete the pullback and then start a new growth.

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