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Japanese Candlesticks Analysis 17.10.2018 (USDCAD, AUDUSD)

17 october 2018 - Fx4News

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD has been corrected towards the support level and formed several Engulfing and Inverted Hammer reversal patterns there. Judging by the previous movements, right now it may be assumed that the instrument may complete this pullback and then start a new 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 growing and forming Harami, Engulfing, and Doji reversal patterns during slight pullbacks. Right now, the pair is being corrected from the resistance level again. Judging by the previous movements, it may be assumed that the instrument may complete the correction and then resume moving inside the uptrend.

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

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