Japanese Candlesticks Analysis 19.04.2018 (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 Harami, Hammer, and Inverted Hammer reversal patterns there. At the moment, it may be assumed that the price may reverse and resume trading to the upside.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD has reached the resistance level once again 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 be corrected for a while before starting a new growth.
RoboMarkets Analytical Department
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.