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Japanese Candlesticks Analysis 12.03.2019 (USDCAD, AUDUSD)

12 march 2019 - Fx4News

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD is still testing the resistance level and forming Hanging Man, Doji, and Shooting Star reversal patterns. Judging by the previous movements, it may be assumed that the instrument may finish another correction and then resume its ascending movement.

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

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD is still trading close to the support level and forming Hammer, Inverted Hammer, and Harami reversal patterns. Judging by the previous movements, right now it may be assumed that after testing the level the instrument may start a new growth.

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

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