Japanese Candlesticks Analysis 19.08.2019 (USDCAD, AUDUSD)

19 августа 2019 - Fx4News

USDCAD

On H4 the pair has formed a Hammer, testing the area around the lower border of the channel. We are contemplating the signal of the reversal pattern start realizing. We may suppose that a bounce off this level may bring the price back to the area around 1.3333. However, another variant is not excluded: the reversal pattern may not be realized, and the flat may be followed by a decline near 1.3215.

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

AUDUSD

On H4, the pair has escaped the descening channel. The quotations keep moving in a range, forming reversal patterns, including Doji. In relation with the previous movement, the price, upon the completion of the flat, may decline. The goal is still at 0.6700. However, a contrary variant of growth to 0.6868 may not be excluded.

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