Japanese Candlesticks Analysis 03.12.2018 (USDCAD, AUDUSD)
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, the market has opened with a gap; USDCAD has rebounded from the resistance level and formed Long-Legged Doji pattern. Judging by the previous movements, right now it may be assumed that after finishing the correction, the instrument may break the level to continue its ascending movement.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, the market has opened with a gap; AUDUSD has broken the resistance level and formed Harami and Doji reversal patterns. Judging by the previous movements, it may be assumed that the instrument may finish another correction and then resume moving inside the uptrend.
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.