Japanese Candlesticks Analysis 30.10.2018 (USDCAD, AUDUSD)

30 октября 2018 - Fx4News

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD has completed another slight pullback from the resistance level; right now, it is still forming Shooting Star, Harami, and Hanging Man reversal patterns. Judging by the previous movements, right now it may be assumed that the instrument may continue its 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 still testing the support level and forming Engulfing, Hammer, and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that the instrument may complete the correction and then resume moving inside the uptrend.

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