Japanese Candlesticks Analysis 22.02.2019 (USDCAD, AUDUSD)

22.02.2019

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD is still falling with slight pullbacks from time to time. By now, it has completed several Harami and Hamer reversal patterns. Judging by the previous movements, it may be assumed that the instrument may finish another correction and then resume its descending movement.

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 is still trading close to the support level and forming Hammer and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that after completing another correction the instrument may start a new growth.

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

Attention!

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.