Technical Analysis

apanese Candlesticks Analysis 02.03.2023 (NZDUSD, GBPUSD)

02-Mar-2023 09:00:19

NZDUSD
On H4, at the resistance level, the pair has formed a Shooting Star reversal pattern. The instrument is now going by the signal in a descending wave. The goal of the decline might be 0.6175. After breaking away the support level, the quotes might continue the downtrend. However, the price might pull back to 0.6280 before falling.

GBPUSD
On H4, at the resistance level, the pair has formed a Harami reversal pattern. The instrument is now going by the signal in a descending wave. The goal of the decline might be the support level of 1.1910. However, the price may pull back to 1.2060 and continue the downtrend after the correction.

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