Japanese Candlesticks Analysis 12.02.2018 (USDCAD, AUDUSD)
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD has completed another correction with several Hanging Man and Shooting Star reversal patterns at the top. At the moment, it may be assumed that the pullback is over and the instrument may resume moving downwards.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
AUDUSD, “Australian Dollar vs US Dollar”
In the H4 chart, AUDUSD has finished several Hammer, and Inverted Hammer reversal patterns. In this light, one may assume that these patterns may probably indicate a new correction.
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.