Japanese Candlesticks Analysis 23.05.2018 (USDCAD, AUDUSD)
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD continues moving sideways and forming Hammer, Shooting Star, and Hanging Man reversal patterns at support and resistance levels. At the moment, it may be assumed that the instrument may rebound once again and then resume falling towards the downside border of the channel.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD is still moving upwards forming Hammer and Inverted Hammer reversal patterns. By now, it has completed another correction with Hammer pattern. Judging by the previous movements, it may be assumed that the instrument may later continue trading upwards.
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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.