Japanese Candlesticks Analysis 26.03.2018 (USDCAD, AUDUSD)
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD has reached the support level once again and formed several Hammer, Engulfing, and Harami reversal patterns there. At the moment, it may be assumed that these patterns won’t be confirmed and the price will continue falling after breaking the support level.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD has reached the support level and formed several Hammer, Doji, and Harami reversal patterns there. At the moment, it may be assumed that the instrument may rebound from the support level and resume growing towards the resistance one.
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.