Japanese Candlesticks Analysis 11.04.2018 (USDCAD, AUDUSD)

Article By RoboForex.com

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, after breaking the support level one more time, USDCAD has formed several Doji and Hammer reversal patterns and right now is being corrected again. At the moment, it may be assumed that the price may complete the pullback very soon and resume falling.

USDCAD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

AUDUSD, “Australian Dollar vs US Dollar”


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As we can see in the H4 chart, AUDUSD has reached the resistance level and formed several Shooting Star and Engulfing reversal patterns there. At the moment, it may be assumed that after finishing the correction the instrument may break the level and continue its growth.

AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

RoboForex Analytical Department

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.