Japanese Candlesticks Analysis 14.07.2023 (XAUUSD, NZDUSD, GBPUSD)

14 июля 2023 - Fx4News

XAUUSD, “Gold vs US Dollar”

Gold has formed a Hanging Man reversal pattern near the resistance level. Currently, the instrument is going by the reversal signal in a corrective wave. The pullback target could be 1950.00. After a test of the support level, the price might rebound from it and continue the uptrend. However, the quotes could rise to 1972.00 without correcting.

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

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD has formed a Shooting Star reversal pattern on H4. Currently, the instrument might go by the reversal signal in a descending wave. The correction target might be 0.6365. After a rebound from the support, the quotes might get a chance to continue the uptrend. However, the price could rise to 0.6430 and develop the uptrend without testing the support.

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

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has formed a Harami reversal pattern near the resistance level on H4. Currently, the instrument might go by the reversal signal in a descending wave. The correction target might be 1.3060. However, the price could rise to 1.3200 and continue the uptrend without a pullback to the support.

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