Japanese Candlesticks Analysis 12.10.2018 (USDCAD, AUDUSD)
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD is still moving upwards and forming Doji, Harami, and Hanging Man reversal patterns during slight pullbacks. Judging by the previous movements, right now it may be assumed that the instrument may complete this pullback and then start a new ascending movement.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD is still falling and forming Hammer, Inverted Hammer, and Doji reversal patterns. Right now, the pair is being corrected from the support level again. Judging by the previous movements, it may be assumed that the instrument may complete the correction and then continue moving inside the downtrend.
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.