Japanese Candlesticks Analysis 06.04.2018 (USDCAD, AUDUSD)
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, after breaking the support level, USDCAD has formed several Hammer reversal patterns and right now is being corrected again. At the moment, it may be assumed that the price may complete the pullback soon and resume falling.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD is moving sideways near the support level, but forming a lot of Hammer, Doji, and Inverted Hammer reversal patterns. At the moment, it may be assumed that the current sideways movement may transform into a a new growth.
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