Japanese Candlesticks Analysis 18.06.2018 (USDCAD, AUDUSD)
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD is testing the resistance level and forming Shooting Star and Stick Sandwich reversal patterns. Judging by the previous movements, at the moment it may be assumed that the instrument may rebound from the resistance level once again and then resume falling.
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, Doji, and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that the instrument may rebound from the level again.
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.