Japanese Candlesticks Analysis 29.03.2018 (USDCAD, AUDUSD)
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, after rebounding from the support level, USDCAD has formed several Doji and Harami reversal patterns. At the moment, it may be assumed that the correction is over and the price will continue falling to update its closest lows.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD has reached the support level and right now is still forming Hammer, Inverted Hammer, Doji, and Harami reversal patterns. At the moment, it may be assumed that the instrument may rebound from the support level and resume growing towards the resistance one.
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