XAU USD, “Gold vs US Dollar”
As we can see at the H4 chart, the XAU/USD pair continues forming a lot of reversal patterns, including Shooting Star and Harami, but none of them made the price reverse. Considering this, we may assume that the instrument may continue its growth despite a great deal of the above-mentioned patterns.
NZD USD, “New Zealand vs. US Dollar”
As we can see at the H4 chart, the NZD/USD pair has updated its closest highs and right now is still growing and forming a lot of reversal patterns, such as Harami, Hanging Man, and Shooting Star. Considering that earlier these candlesticks couldn’t make the instrument reverse, we may assume that the instrument is very unlikely to stop here and may continue growing.
RoboForex Analytical Department