Japanese Candlesticks Analysis 15.02.2018 (USDCAD, AUDUSD)

15.02.2018

USDCAD, “US Dollar vs Canadian Dollar”

In the H4 chart, after finishing Engulfing pattern, USDCAD moved downwards and then stopped at the support level, where it formed Doji pattern. At the moment, it may be assumed that the pullback is over and the instrument may resume moving downwards.

USDCADRisk Warning: the results of previous trading operations do not guarantee the same results in the future.

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, after completing several Hammer and Engulfing patterns, AUDUSD moved upwards and reached the resistance level, where it formed Doji pattern. The latter pattern may indicate a possible correction before the instrument resumes growing towards the next resistance level.

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

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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.