Japanese Candlesticks Analysis 18.04.2019 (USDCAD, AUDUSD)
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD is still testing the support level and forming Harami, Hammer, and Engulfing reversal patterns. Judging by the previous movements, it may be assumed that after finishing its sideways movement the instrument may resume trading upwards.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, after completing Shooting Star and Harami reversal patterns, AUDUSD has finished another correction from the resistance level. Judging by the previous movements, right now it may be assumed that after finishing the pullback the instrument may break the level and continue its growth.
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.