Japanese Candlesticks Analysis 08.03.2018 (USDCAD, AUDUSD)
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD has reached the resistance level and formed several Engulfing and Shooting Star reversal patterns there. Right now, it may be assumed that these reversal patterns indicate a possible reverse and a new decline.
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, AUDUSD has reached the resistance level and formed several Doji reversal patters. At the moment, it may be assumed that these candlesticks may result in a rebound and a further descending movement towards the support level.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
RoboForex Analytical Department
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