Japanese Candlesticks Analysis 09.01.2018 (USD/CAD, AUD/USD)

9 января 2018 - Fx4News

USD CAD, “US Dollar vs Canadian Dollar”

As we can see at the H4 chart, the USD/CAD pair continues falling. After completing Hammer pattern near the low, the price started a new correction and has already finished several Doji patterns, which may indicate that the pullback is over and the instrument may continue falling.

USDCAD

 

AUD USD, “Australian Dollar vs US Dollar”

As we can see at the H4 chart, the AUD/USD pair has formed several Shooting Star, Doji, and Hanging Man reversal patterns at the resistance level. Based on previous movement, we may assume that the instrument may continue growing despite many reversal signals.

AUDUSD

 

RoboForex Analytical Department