Japanese Candlesticks Analysis 16.04.2018 (USDCAD, AUDUSD)

16.04.2018

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, after reaching the support level, USDCAD has formed several Hammer and Inverted Hammer reversal patterns there. At the moment, it may be assumed that the price may complete its decline, reverse, and resume growing.

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

 

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD has reached the resistance level and formed several Shooting Star, Hanging Man, and Engulfing reversal patterns there. At the moment, it may be assumed that these candlesticks indicate that the instrument may start a new decline.

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

 

RoboMarkets  Analytical Department

 

Attention!

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

The material presented and the information contained herein is intended for our customers, and is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.

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