Japanese Candlestick Analysis for USDCAD and AUDUSD: 25/03/2019
USDCAD
On H4, the pair is again testing the resistance, forming such reversal patterns as falling star and engulfment. By analyzing the previous moves, one can assume the price may start forming a new uptrend after a correction.
AUDUSD
On H4, the pair is rising, forming pullbacks every now and again. A correction is happening, with the price forming such reversal patterns as the hammer and engulfment. By analyzing the previous moves, one can assume the pair may continue rising after the pullback.
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.