Japanese Candlesticks Analysis 04.03.2019 (USDCAD, AUDUSD)
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD is once again testing the resistance level and forming Hanging Man and Shooting Star reversal patterns. Judging by the previous movements, it may be assumed that the instrument may finish another correction and then resume its descending movement.
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, Harami, and Doji reversal patterns. Judging by the previous movements, it may be assumed that after completing another correction the instrument may start a new growth.
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