NZDUSD Bullish Harami Hourly Chart

Resistance: 0.8354 strong / 0.8386 moderate / 0.8449 minor

Support: 0.8290 moderate / 0.8258 minor / 0.8194 minor

Market bias for NZDUSD is bearish with prices under a strong resistance level at 0.8354 the Pivot Point. Given that Bullish Harami is a low level bullish reversal pattern it is necessary to look for a close above the strong resistance first before taking action. Immediate objective when taking a buy should be a push for 0.8386 break of which opens 0.8449, a stop loss should be placed below the patterns low.

For pattern explanation and visual identification rules, click here.

   

XAUUSD Morning Star (Doji) 4-Hour Chart

Resistance: 1601.58 moderate / 1610.08 minor / 1623.30 minor

Support: 1588.36 strong / 1579.86 moderate / 1566.64 minor

XAUUSD has a high credibility bullish pattern Morning Star (Doji) in 4-Hour charts. With prices just above a strong support 1588.36, the Pivot Point, aggressive buys may be taken with a stop loss just under the said price, or below the pattern low whichever is lower. Our price target will be 1601.58 break of which open us to a run for 1610.08 and a possible uptrend.

For pattern explanation and visual identification rules, click here.

  

Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To aLook At Prices