Japanese Candlesticks Analysis 02.08.2018 (USDCAD, AUDUSD)

2 августа 2018 - Fx4News

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD continues falling; from time to time, it forms slight pullbacks with Hammer, Inverted Hammer, and Doji reversal patterns. Right now, it may be assumed that the instrument continues trading downwards.

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 continues moving sideways with pullbacks towards support and resistance levels, where it is forming Harami, Hammer, and Engulfing reversal patterns. Right now, the pair is being corrected again. Judging by the previous movements, it may be assumed that the instrument may complete the correction and then continue moving upwards.

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