Japanese Candlesticks Analysis 13.03.2018 (USDCAD, AUDUSD)
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD has reached the support level and formed several Doji and Hammer reversal patterns there. Right now, it may be assumed that these reversal patterns indicate that the correction is over and the instrument may continue growing to reach the resistance level.
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 again and formed several Hanging Man reversal patterns there. Judging by the previous movements, it may be assumed that these candlesticks won’t confirm the reverse and the instrument will continue moving upwards.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
RoboForex Analytical Department
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