Japanese Candlesticks Analysis 11.02.2019 (USDCAD, AUDUSD)

11.02.2019

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD has reached another resistance level and formed several Hanging Man and Harami reversal patterns. Judging by the previous movements, it may be assumed that right now the instrument may form one more 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 trading close to the support level and forming Inverted Hammer and Harami reversal patterns;. Judging by the previous movements, it may be assumed that after finishing another correction the instrument may start 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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