Japanese Candlesticks Analysis 10.04.2019 (USDCAD, AUDUSD)

April 10, 2019

Article By RoboForex.com

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD is still testing the support level and forming Hammer and Engulfing reversal patterns. Judging by the previous movements, it may be assumed that the instrument may finish the correction and then resume its ascending movement.

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

AUDUSD, “Australian Dollar vs US Dollar”

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As we can see in the H4 chart, AUDUSD is still trading upwards; right now, it is testing the resistance level and forming Inverted Engulfing and Hanging Man reversal patterns. Judging by the previous movements, right now it may be assumed that after finishing the pullback the instrument may start a new growth.


Article By RoboForex.com

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.