Japanese Candlesticks Analysis 19.02.2019 (USDCAD, AUDUSD)
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD is still trading close to the resistance level and forming Harami and Doji reversal patterns. Judging by the previous movements, it may be assumed that the instrument may complete the correction and then resume its descending movement.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD is still trading close to the support level and forming Hammer, Engulfing, Doji, 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.
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.