Japanese Candlesticks Analysis 13.06.2018 (USDCAD, AUDUSD)
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD is testing the resistance level and forming Shooting Star and Hanging Man reversal patterns. Judging by the previous movements, at the moment it may be assumed that the instrument may rebound from the resistance level once again.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD is still moving upwards and forming Hammer and Inverted Hammer reversal patterns during corrections. Right now, the price is being corrected once again. Judging by the previous movements, it may be assumed that after finishing the correction the instrument may resume trading upwards.
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.