Japanese Candlesticks Analysis 13.10.2022 (USDCAD, AUDUSD, USDCHF)

October 13, 2022

Article By RoboForex.com

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, after forming a Hanging Man reversal pattern close to the resistance level, USDCAD may reverse in the form of a new descending wave. In this case, the downside correctional target may be at 1.3745. Later, the market may rebound from the support area and resume trading upwards. However, an alternative scenario implies that the asset may continue growing to reach 1.3980 without any pullbacks.


AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD has formed a Hammer reversal pattern near the support area. At the moment, the asset is reversing in the form of a new ascending impulse. In this case, the upside correctional target may be the resistance level at 0.6360. After testing the level, the price may rebound from it and resume the descending wave. At the same time, the opposite scenario implies that the price may continue falling to reach 0.6215 without any pullbacks.


Free Reports:

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.





Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter






USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, the pair has formed a Harami reversal pattern not far from the support area. At the moment, USDCHF may reverse in the form of a new ascending wave. In this case, the upside target may be the resistance level at 1.0060. After testing this level, the price may break it and continue trading upwards. Still, there might be an alternative scenario, in which the asset may correct to reach 0.9940 first and then resume the uptrend.

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.

InvestMacro

Share
Published by
InvestMacro

Recent Posts

Currency Speculators boosted Euro bets, cut GBP & Yen bets on Election Day

By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT)…

15 hours ago

COT Metals Charts: Speculator Bets led lower by Gold, Silver & Platinum

By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT)…

17 hours ago

COT Bonds Charts: Speculator Bets led by SOFR 1-Month & 10-Year Bonds

By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT)…

17 hours ago

COT Soft Commodities Charts: Speculator Changes led by Corn & Soybean Oil

By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT)…

17 hours ago

COT Stock Market Charts: Speculator Bets led by S&P500 & Nasdaq

By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT)…

18 hours ago

Speculator Extremes: Lean Hogs, AUD, 5-Year & 2-Year Bonds lead Bullish & Bearish Positions

By InvestMacro The latest update for the weekly Commitment of Traders (COT) report was released…

18 hours ago

This website uses cookies.