Japanese Candlestick Analysis for USDCAD and AUDUSD: July 25, 2018

25 июля 2018 - Fx4News

USDCAD

The pair is rising on H4, with some corrections and forming reversal patterns like Hammer and Doji. Judging by the current situation, this looks like an ongoing formation of a new uptrend.

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

AUDUSD

On H4, the pair stays within the boundaries of a horizontal channel with the pullbacks to the support and resistance levels and forming reversal patterns like Hammer and Engulfment. Another pullback is taking place at this stage. By making a comparison, we can expect the price to continue forming of an uptrend after the correction has been finalized.

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