Japanese Candlesticks Analysis 12.01.2018 (USD/CAD, AUD/USD)

12 января 2018 - Fx4News

USD CAD, “US Dollar vs Canadian Dollar”

At the H4 chart, the current correction is taking more time than expected. As we can see, the USD/CAD pair has reached the resistance level and formed several Shooting Star and Hanging Man reversal patterns, which may indicate that the pullback is over and the instrument may continue falling.

USDCAD

 

AUD USD, “Australian Dollar vs US Dollar”

At the H4 chart, the AUD/USD pair updated its closest highs again and then formed several Shooting Star and Hanging Man reversal patterns. Based on the previous ascending movement, we may assume that the instrument may continue growing despite many reversal signals.

AUDUSD

 

RoboForex Analytical Department