Japanese Candlesticks Analysis 14.12.2018 (USDCAD, AUDUSD)
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD is still testing the resistance level and forming Shooting Star, Hanging Man, and Doji reversal pattern. Judging by the previous movements, right now it may be assumed that right now the instrument may form another correction and then resume its ascending movement.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD is still being corrected; right now, it is trading close to the support level and forming Hammer, Doji, and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that after finishing the correction the instrument may resume moving inside the uptrend.
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