Article By RoboForex.com
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, after reaching the resistance level once again, USDCAD has formed several Doji, Hanging Man, and Shooting Star reversal patterns there. Judging by the previous movements, at the moment it may be assumed that the current movement is another pullback before the instrument continues growing to update its closest highs.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD has reached the support level and formed several Doji, Hammer, and Inverted Hammer reversal patterns there. Judging by the previous movements, at the moment it may be assumed that these candlesticks indicate a possible correction before the instrument resumes falling.
RoboForex Analytical Department
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Article By RoboForex.com
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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.
