Japanese Candlesticks Analysis 05.03.2018 (USDCAD, AUDUSD)
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, after updating its closest high once again and forming several Doji and Hanging Man reversal patterns, USDCAD is still moving upwards. Right now, it may be assumed that these reversal patterns indicate a possible correction before the instrument continues growing.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, after breaking the support level, AUDUSD has reached another target and formed Doji and Hammer patters there. At the moment, it may be assumed that these candlesticks may result in a slight correction and then the instrument may continue moving downwards to update its closest lows.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
RoboForex Analytical Department
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