Japanese Candlesticks Analysis 10.09.2018 (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, Hanging Man, and Doji reversal patterns there. At the moment, the price is being corrected again. 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 still 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 downtrend.
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