Japanese Candlesticks Analysis 11.12.2017 (USD/CAD, AUD/USD)
USD CAD, “US Dollar vs Canadian Dollar”
As we can see at the H4 chart, after a significant pullback, the USD/CAD pair has formed Engulfing and Harami patterns, which may indicate that the correction is over and the instrument may resume falling to reach the support level.
AUD USD, “Australian Dollar vs US Dollar”
At the H4 chart, the AUD/USD pair reached the support level and formed Engulfing and Hammer patterns there. These patterns indicate a possible reverse and a new growth.
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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.