Japanese Candlesticks Analysis 01.10.2018 (USDCAD, AUDUSD)

1 октября 2018 - Fx4News

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD has finished another correction and formed several Doji and Hammer reversal patterns. Judging by the previous movements, right now it may be assumed that the instrument is forming another pullback before starting 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 forming another correction from the resistance level with Doji and Engulfing reversal patterns. Judging by the previous movements, it may be assumed that the instrument may complete the correction, break the resistance level, and then continue the uptrend.

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