Japanese Candlesticks Analysis 02.04.2019 (USDCAD, AUDUSD)
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD is testing the support level and forming Hammer and Engulfing reversal patterns. Judging by the previous movements, it may be assumed that the instrument may finish the correction and then resume its ascending movement.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD is still trading upwards; by now, it has completed another correction and formed Inverted Hammer and Harami reversal patterns. Judging by the previous movements, right now it may be assumed that after finishing the pullback the instrument may start a new growth.
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.