Japanese Candlestick Analysis for USDCAD and AUDUSD: July 17, 2018
USDCAD
On H4, the pair is going down, stopping near the supports levels and forming reversal patterns, such as Hammer, Doji, and Inverted Hammer, every now and again. Currently, such a stop and correction is what is actually occurring. Just like in the previous cases, the price here is likely to break out after the pullback and continue downtrending.
AUDUSD
The pair is continuing to rise, but there are pullbacks with reversal patterns, such as Doji, Hammer, and Engulfment. However, once the correction is over, the price is likely to go uptrending again.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is intended for our customers, and is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.