Japanese Candlesticks Analysis 28.11.2018 (USDCAD, AUDUSD)

28.11.2018

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD is testing the resistance level and forming Harami, Doji, and Inverted Hammer reversal patterns. Judging by the previous movements, right now it may be assumed that after testing the resistance level, the instrument may be corrected and then break the level to 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 being corrected from the resistance level and forming Harami, Shooting Star, and Engulfing reversal patterns. Judging by the previous movements, it may be assumed that the instrument may finish another 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

Attention!

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