Japanese Candlesticks Analysis 01.02.2019 (USDCAD, AUDUSD)
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD has reached another support level and formed several Hammer, Harami, and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that right now the instrument may form one more correction and then resume its descending movement.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD has broken the resistance level and formed Shooting Star and Hanging Man reversal patterns. Judging by the previous movements, it may be assumed that after finishing another correction the instrument may start a new decline.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
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