Japanese Candlesticks Analysis 31.08.2018 (USDCAD, AUDUSD)
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD has rebounded from the support level once again and formed Doji, Hammer, and Inverted Hammer reversal patterns. Judging by the previous movements, right now it may be assumed that the instrument is being corrected towards the resistance level before starting a new descending tendency.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD has reached the support level once again and formed several Hammer and Inverted Hammer reversal patterns there. Judging by the previous movements, it may be assumed that the instrument is being corrected before forming a new uptrend.
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