Japanese Candlesticks Analysis 10.08.2018 (USDCAD, AUDUSD)

10.08.2018

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, after forming several Hammer, Inverted Hammer, and Doji reversal patterns, USDCAD has rebounded from the support level. Right now, it may be assumed that the instrument is starting a new ascending tendency.

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 has completed its sideways movement despite Harami, Hammer, Doji, and Engulfing reversal patterns. Judging by the previous movements, it may be assumed that the instrument may try to confuse and mislead investors before starting a new growth.

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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