Japanese Candlesticks Analysis 16.04.2018 (USDCAD, AUDUSD)

2018-04-16 20:00    RoboForex

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, after reaching the support level, USDCAD has formed several Hammer and Inverted Hammer reversal patterns there. At the moment, it may be assumed that the price may complete its decline, reverse, and resume growing.

Japanese Candlesticks Analysis 16.04.2018 (USDCAD, AUDUSD) Institution Opinions 1
Japanese Candlesticks Analysis 16.04.2018 (USDCAD, AUDUSD) Institution Opinions 2

 

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD has reached the resistance level and formed several Shooting Star, Hanging Man, and Engulfing reversal patterns there. At the moment, it may be assumed that these candlesticks indicate that the instrument may start a new decline.


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

 

RoboForex Analytical Department

 

AUDCADCandlestickTechnical Analysis

0 traders reviewed this item, please leave a reply!

About FXYEAH | Broker Listing | Contribute | Contact Us | Sitemap | TagCloud
Disclaimer: All contents of site are only for your reference, don't suggest you do any investment decision, you should be responsible for your decision.