Japanese Candlesticks Analysis 23.02.2018 (USDCAD, AUDUSD)
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD is constantly forming Hanging Man, Doji, and Harami reversal patterns. Judging by previous movements, it may be assumed that these patterns will not be confirmed and the instrument may continue moving upwards.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, after rebounding from the resistance level, AUDUSD has completed a slight correction with Harami and Hanging Man reversal patterns at the top. Right now, it may be assumed that the instrument may continue moving downwards.
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.