Japanese Candlestick Analysis for USDCAD and AUDUSD: July 25, 2018
USDCAD
The pair is rising on H4, with some corrections and forming reversal patterns like Hammer and Doji. Judging by the current situation, this looks like an ongoing formation of a new uptrend.
AUDUSD
On H4, the pair stays within the boundaries of a horizontal channel with the pullbacks to the support and resistance levels and forming reversal patterns like Hammer and Engulfment. Another pullback is taking place at this stage. By making a comparison, we can expect the price to continue forming of an uptrend after the correction has been finalized.
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