Japanese Candlesticks Analysis 12.07.2018 (USDCAD, AUDUSD)

2018-07-12 16:01    RoboForex

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD continues falling; from time to time, it stops near support levels and forms Hammer, Doji, and Inverted Hammer reversal patterns. At the moment, the price is being corrected once again. Judging by the previous movements, it may be assumed that the instrument may finish the pullback, break the support level, and then continue falling.

Japanese Candlesticks Analysis 12.07.2018 (USDCAD, AUDUSD) Institution Opinions 1
Japanese Candlesticks Analysis 12.07.2018 (USDCAD, AUDUSD) Institution Opinions 2

 

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD keeps growing and forming several Doji, Hammer, and Engulfing reversal patterns during pullbacks. Judging by the previous movements, it may be assumed that the instrument may complete the correction and then continue moving upwards.


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

AUDCADCandlestick

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