Japanese Candlestick Analysis for USDCAD and AUDUSD: July 20, 2018
USDCAD
On H4, the pair is continuing to rise, making some minor corrections and forming reversal patterns, such as Falling Star and Hanging Man. This looks like an attempt to start forming a new uptrend.
AUDUSD
The Aussie is rising on H4, with some bounce-offs and patterns like Hammer and Engulfment. Right now, there's a pullback forming, which may be followed with the price continuing to uptrend after a correction.
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.