Japanese Candlesticks Analysis 23.04.2019 (USDCAD, AUDUSD)
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD is still trading close to the support level and forming 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, AUDUSD has finished another correction close to the support level and formed several Inverted Hammer and Harami reversal patterns. Judging by the previous movements, right now it may be assumed that after finishing another pullback the instrument may 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.