Japanese Candlesticks Analysis 16.04.2018 (USDCAD, AUDUSD)
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, after reaching the support level, USDCAD has formed several Hammer and Inverted Hammer reversal patterns there. At the moment, it may be assumed that the price may complete its decline, reverse, and resume growing.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD has reached the resistance level and formed several Shooting Star, Hanging Man, and Engulfing reversal patterns there. At the moment, it may be assumed that these candlesticks indicate that the instrument may start a new decline.
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