Japanese Candlesticks Analysis 11.01.2019 (USDCAD, AUDUSD)

2019-01-11 19:00    RoboForex

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD is still trading close to the support level and forming Hammer, Doji, and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that right now the instrument may form another correction and then resume its descending movement.

Japanese Candlesticks Analysis 11.01.2019 (USDCAD, AUDUSD) Institution Opinions 1
Japanese Candlesticks Analysis 11.01.2019 (USDCAD, AUDUSD) Institution Opinions 2

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD is testing the resistance level and forming Hanging Man, Shooting Star, and Doji reversal patterns. Judging by the previous movements, it may be assumed that after finishing the correction the instrument may continue the uptrend.


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

AUDCADCandlestick

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