Japanese Candlesticks Analysis 11.01.2019 (USDCAD, AUDUSD)

11.01.2019

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD is still trading close to the support level and forming Hammer, Doji, and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that right now the instrument may form another correction and then resume its descending 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 testing the resistance level and forming Hanging Man, Shooting Star, and Doji reversal patterns. Judging by the previous movements, it may be assumed that after finishing the correction the instrument may continue 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.

Ask a question

Need any help? Click on the icon in the lower right corner of the page and get an answer to any your questions

Or enter your phone number in the form below and we will call you right away.

Call back
Ask a question