Japanese Candlesticks Analysis 10.08.2018 (USDCAD, AUDUSD)

2018-08-10 16:01    RoboForex

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, after forming several Hammer, Inverted Hammer, and Doji reversal patterns, USDCAD has rebounded from the support level. Right now, it may be assumed that the instrument is starting a new ascending tendency.

Japanese Candlesticks Analysis 10.08.2018 (USDCAD, AUDUSD) Institution Opinions 1
Japanese Candlesticks Analysis 10.08.2018 (USDCAD, AUDUSD) Institution Opinions 2

 

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD has completed its sideways movement despite Harami, Hammer, Doji, and Engulfing reversal patterns. Judging by the previous movements, it may be assumed that the instrument may try to confuse and mislead investors before starting a new growth.


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

AUDCADCandlestick

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