Article By RoboForex.com
USDCAD, “US Dollar vs Canadian Dollar”
On H4, USDCAD formed a Hammer at the support level. Going by the signal, the pair currently get into another ascending impulse. The goal of the growth will be 1.3030. However, the price can still drop to the support level of 1.2870 with a subsequent bounce and continuation of the uptrend after a correction.
AUDUSD, “Australian Dollar vs US Dollar”
On H4, at the resistance level, the pair formed a Harami reversal pattern. Going by this pattern now might result in a descending impulse. The aim of the decline is 0.6890. Upon testing the support, the quotes might break it away and go on declining. However, the price might grow to 0.7090 and continue the downtrend after the correction.
Free Reports:
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
USDCHF, “US Dollar vs Swiss Franc”
On H4, at a pullback, upon testing the support level, the pair formed an Inverted Hammer. The pair can now go by the pattern in an ascending impulse. The goal of growth might be 1.0080. Upon testing the resistance level, the pair has all the chances to break through it and continue the uptrend. However, the price can drop to 0.9890 and continue the uptrend upon correcting.
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.
- The People’s Bank of China keeps lending rates unchanged. The Canadian dollar weakens amid falling inflation May 20, 2026
- EUR/USD Near Six-Week Low as Market Tensions Rise May 20, 2026
- Oil prices remain volatile. The Reserve Bank of Australia signals further rate hikes May 19, 2026
- Gold Recovers Some Losses: What’s Driving the Market? May 19, 2026
- Economic activity in China is slowing. Silver has fallen by more than 8% May 18, 2026
- USD/JPY Rises for Sixth Straight Day: Yen Back on the Cusp of Intervention May 18, 2026
- Optimism surrounding the US-China summit in Beijing supported the markets May 15, 2026
- Gold Falls on US Inflation Concerns as Week Ends in Losses May 15, 2026
- The oil market may remain in a state of severe supply shortage until autumn May 14, 2026
- GBP/USD Under Policy Pressure: What Lies Ahead for the Prime Minister? May 14, 2026
