Japanese Candlesticks Analysis 05.09.2018 (USDCAD, AUDUSD)
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD reached the resistance level and formed several Doji reversal patterns during pullbacks. At the moment, the price is being corrected again and forming more Doji and Shooting Star patterns. Judging by the previous movements, right now it may be assumed that the instrument is forming another correction before starting a new ascending movement.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD is trading close to the support level and forming Doji, Hammer, and Inverted Hammer reversal patterns there. Judging by the previous movements, it may be assumed that the instrument is being corrected before forming a new uptrend.
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