Japanese Candlesticks Analysis 23.08.2018 (USDCAD, AUDUSD)
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD has formed another correction with Engulfing, Hammer, and Inverted Hammer reversal patterns. Judging by the previous movements, right now it may be assumed that the instrument is being corrected before starting a new ascending tendency.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD has rebounded from the resistance level once again and formed several Hammer, Engulfing, and Harami reversal patterns. Judging by the previous movements, it may be assumed that the instrument is being corrected before forming a new uptrend.
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.