Japanese Candlesticks Analysis 20.08.2018 (USDCAD, AUDUSD)

20.08.2018

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD has formed another correction with Hammer and Inverted Hammer reversal patterns. Judging by the previous movements, right now it may be assumed that the instrument continues forming a new ascending tendency.

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 has rebounded from the support level once again and formed several Hammer, Inverted Hammer, and Doji reversal patterns. Judging by the previous movements, it may be assumed that the instrument is forming a new ascending tendency.

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.