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Japanese Candlesticks Analysis 09.10.2018 (USDCAD, AUDUSD)

Article By RoboForex.com

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD is still moving upwards and forming Doji, Harami, and Engulfing reversal patterns during slight pullbacks. Judging by the previous movements, right now it may be assumed that the instrument may complete this pullback and then start a new 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 falling and forming Hammer, Inverted 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 inside the downtrend.

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

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

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About Louie Lewis

Louie Lewis
Successful forex trading starts with you first. Then comes the actual strategies and techniques. I have been involved with forex and forex trading for a few years now. It is a wonderful way to build wealth. The learning never stops and I want to help others along their journey into this wonderful market of opportunity.

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