Japanese Candlesticks Analysis 17.01.2018 (USD/CAD, AUD/USD)
USD CAD, “US Dollar vs Canadian Dollar”
At the H4 chart, the USD/CAD pair is forming another correction with several Doji and Engulfing reversal patterns at the top. These patterns indicate that the pullback is over and the instrument may continue falling.
AUD USD, “Australian Dollar vs US Dollar”
At the H4 chart, the AUD/USD pair updated its closest high again and then formed several Shooting Star, Hanging Man, and Engulfing reversal patterns. Based on previous movements, we may assume that the instrument may form a slight correction towards the closest support level and then continue growing.
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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.