Japanese Candlesticks Analysis 20.11.2018 (USDCAD, AUDUSD)
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD is still being corrected below the resistance level and forming Harami, Hanging Man, and Doji reversal patterns. Judging by the previous movements, right now it may be assumed that after completing the pullback the instrument may continue its ascending movement and break the level.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD is still testing the resistance and forming Harami and Engulfing reversal patterns. Judging by the previous movements, it may be assumed that the instrument may finish another correction and then resume moving inside the uptrend.
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.
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