Japanese Candlesticks Analysis 02.02.2018 (USD/CAD, AUD/USD)
USD CAD, “US Dollar vs Canadian Dollar”
In the H4 chart, USD/CAD continues falling. Right now, the price is still being corrected and has already completed Hammer pattern. Later, the instrument may continue moving downwards.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
AUD USD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUD/USD has formed several Hammer and Doji reversal patterns. Taking into account that these patterns were formed close to the resistance level, they may probably indicate that the pullback is over and the instrument may continue its growth.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
RoboForex Analytical Department
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.