Japanese Candlesticks Analysis 01.05.2019 (USDCAD, AUDUSD)
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD has completed another pullback towards the closest support level and formed Doji and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that after finishing the correction, the instrument may resume trading upwards.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD is still trading close to the support level and forming Inverted Hammer, Hammer, Doji, and Harami reversal patterns. Judging by the previous movements, right now it may be assumed that after finishing another pullback, the instrument may continue its growth.
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