10 Nov

Japanese Candlestick Analysis 10.11.2021 (USDCAD, AUDUSD, USDCHF)

November 10, 2021

Article By RoboForex.com

USDCAD, “US Dollar vs Canadian Dollar”

On H4, at the resistance level, the quotations formed several reversal patterns, including a Harami. The pair is currently going by the signal. The aim of the decline is the support level of 1.2395. However, the quotations can still grow to 1.2520 without a test of the support level.

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

AUDUSD, “Australian Dollar vs US Dollar”

On H4, at a pullback near the resistance level, the pair has formed an Engulfing reversal pattern. Going by the reversal signal, the pair will be falling. The pair is the support level of 0.7290. However, the quotations can still grow to 0.7410before continuing the downtrend.

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

USDCHF, “US Dollar vs Swiss Franc”

On H4, the pair tested the support level and formed several reversal patterns, including a Hammer. The pair is currently going by the signal, forming a correctional wave to the resistance level. The aim is 0.9175. However, the pair can continue the decline to 0.9070 without testing the resistance level.

USDCHF

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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