Japanese Candlesticks Analysis 13.09.2018 (USDCAD, AUDUSD)

September 13, 2018

Article By RoboForex.com

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD has finished another correction towards the support level and formed several Engulfing and Hammer reversal patterns there. Judging by the previous movements, right now it may be assumed that the instrument is forming another pullback before starting a new ascending movement.

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

 


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AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD has completed another correction from the support level and formed Doji and Shooting Star reversal patterns. Judging by the previous movements, it may be assumed that the instrument is being corrected again before continuing the downtrend.

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

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.