Japanese Candlesticks Analysis 28.02.2018 (USDCAD, AUDUSD)
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, after updating its closest high and forming Doji pattern, USDCAD is still moving upwards. Right now, it may be assumed that this reversal pattern indicates a possible correction before the instrument continues growing.
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 reaching the support level and forming Doji pattern, AUDUSD has started a new correction. At the moment, it may be assumed that after completing this slight correction the instrument may continue moving downwards to update its closest lows.
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.