Japanese Candlestick Analysis for USDCAD and AUDUSD: July 20, 2018

20.07.2018

USDCAD

On H4, the pair is continuing to rise, making some minor corrections and forming reversal patterns, such as Falling Star and Hanging Man. This looks like an attempt to start forming a new uptrend.

USDCAD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUDUSD

The Aussie is rising on H4, with some bounce-offs and patterns like Hammer and Engulfment. Right now, there's a pullback forming, which may be followed with the price continuing to uptrend after a correction.

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.