Japanese Candlesticks Analysis 20.11.2017 (USD/CAD, AUD/USD,)
USD CAD, “US Dollar vs Canadian Dollar”
As we can see at the H4 chart, the USD/CAD pair is still forming the ascending channel. Engulfing and Hammer patterns formed at the upside border of the channel indicate that the current tendency may continue after a slight pullback.
AUD USD, “Australian Dollar vs US Dollar”
At the H4 chart, the AUD/USD pair is still forming the descending channel with Hammer and Engulfing reversal patterns from its upside border, which means that the current tendency may continue. The downside target is at 0.7538.
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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.