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Japanese Candlestick Analysis for USDCAD and AUDUSD: July 17, 2018

17 july 2018 - Fx4News

USDCAD

On H4, the pair is going down, stopping near the supports levels and forming reversal patterns, such as Hammer, Doji, and Inverted Hammer, every now and again. Currently, such a stop and correction is what is actually occurring. Just like in the previous cases, the price here is likely to break out after the pullback and continue downtrending.

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

AUDUSD

The pair is continuing to rise, but there are pullbacks with reversal patterns, such as Doji, Hammer, and Engulfment. However, once the correction is over, the price is likely to go uptrending again.

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

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