Japanese Candlesticks Analysis 21.03.2018 (USDCAD, AUDUSD)
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, after breaking the highs, USDCAD has moved back and formed Hammer reversal pattern, which indicates that the instrument completed the correction and may continue its growth to update the highs.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, after breaking the support level, AUDUSD has stopped and formed several Doji, Hammer, and Engulfing reversal patterns. At the moment, it may be assumed that the instrument is being corrected before continuing its decline and updating its closest lows.
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