Japanese Candlesticks Analysis 20.02.2018 (USDCAD, AUDUSD)
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD is getting closer to the resistance level again; it has formed Harami, Engulfing, and Doji reversal patterns. Judging by previous movements, it may be assumed that the instrument may rebound from the level once again.
Risk Warning: the results 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 stopped under the resistance level and formed several Engulfing and Doji reversal patterns. These patterns probably indicate that the instrument may rebound from the level.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
RoboForex Analytical Department
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.