Japanese Candlesticks Analysis 24.10.2018 (GOLD, NZDUSD)

24 октября 2018 - Fx4News

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD is still testing the resistance level and forming Hanging Man and Shooting Star 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 forming another correction with Harami, Inverted Hammer, and Hammer reversal patterns. Judging by the previous movements, it may be assumed that the instrument may complete the correction, break the resistance level, and then continue its growth.

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