Japanese Candlesticks Analysis 07.08.2018 (USDCAD, AUDUSD)
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD continues falling; from time to time, it forms slight pullbacks with Hammer, Inverted Hammer, and Doji reversal patterns. Right now, it may be assumed that the instrument continues trading downwards.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD continues moving sideways with pullbacks towards support and resistance levels, where it is forming Harami, Hammer, Doji, and Engulfing reversal patterns. Right now, the pair is being corrected again. Judging by the previous movements, it may be assumed that the instrument may complete the correction and then continue moving upwards.
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.
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