Japanese Candlesticks Analysis 03.04.2018 (USDCAD, AUDUSD)
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, after failing to break the support level once again, USDCAD has been slightly corrected with several Shooting Star reversal patterns. Judging by the previous movements, it may be assumed that the price is finally going to break the support level soon.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD has reached the support level and right now is still forming Doji and Harami reversal patterns there. At the moment, it may be assumed that instrument may rebound from the support level and resume growing towards the resistance one.
RoboMarkets Analytical Department
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.
The material presented and the information contained herein is intended for our customers, and is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.