Japanese Candlesticks Analysis 06.12.2018 (USDCAD, AUDUSD)

06.12.2018

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD has broken the resistance level and formed several Shooting Star and Engulfing reversal pattern. Judging by the previous movements, right now it may be assumed that the instrument may form another correction and then resume its ascending movement.

USDCAD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD is still being corrected from the resistance level and forming Hammer and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that the instrument may finish the correction and then resume moving inside the uptrend.

AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

Attention!

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.

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