USD/CAD

As we can see in the H4 chart, USD/CAD is still rebounding from the resistance level. By now, after completing the correction, the price has formed a “Harami” pattern. Considering the current downtrend, one may assume that the asset may continue falling. In this case, the downside target is at 1.3490. Still, an opposite scenario suggests that the instrument may continue growing to return to the resistance area at 1.3685.

USDCAD

USDCAD

AUD/USD

As we can see in the H4 chart, the uptrend continues. By now, AUD/USD has formed several reversal patterns, including “Harami”, not far from channel’s downside border. The upside target is the closest resistance level. Later, the price may continue the rising tendency. In this case, the upside target remains at 0.7070. At the same time, one shouldn’t exclude another scenario, which implies that the instrument may continue falling and return to 0.6900.

AUDUSD

AUDUSD

USD/CHF

As we can see in the H4 chart, after testing the support area and forming a “Harami” pattern, USD/CHF has started reversing. Taking into account the current descending tendency, the reversal may take the form of correction towards the descending channel’s upside border. The upside target is the resistance level at 0.9485. Later, the market may test the level, rebound from it, and resume trading downwards. In this case, the downside target may be the support level at 0.9380.

USDCHF

USDCHF

Disclaimer: 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.

Japanese Candlesticks Analysis: USD/CAD, AUD/USD, USD/CHF

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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