Japanese Candlesticks Analysis 22.01.2018 (USD/CAD, AUD/USD)

22.01.2018

USD CAD, “US Dollar vs Canadian Dollar”

As we can see at the H4 chart, the USD/CAD pair has completed several Harami reversal patterns while forming another correction. At the moment, we may assume that the pullback is over and the instrument may continue falling.

USDCAD

 

AUD USD, “Australian Dollar vs US Dollar”

At the H4 chart, the AUD/USD pair updated its closest high again and then formed several Harami and Engulfing reversal patterns. Right now, we may assume that the instrument is about to finish the correction and later may continue growing.

AUDUSD

 

RoboForex Analytical Department

 

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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.