By JustMarkets
USDCAD, “US Dollar vs Canadian Dollar”
On H4, the pair has formed a Hammer reversal pattern. Currently, the pair is going by the signal in an ascending wave. The goal of the correction will be 1.3465; later the pair may bounce off it and continue the decline. However, the price may drop to 1.3310 without pulling back to the resistance level.
AUDUSD, “Australian Dollar vs US Dollar”
On H4, the currency pair has formed a Hanging Man reversal pattern. Currently, the instrument is going by the signal in a descending wave. The goal of the pullback might be 0.6975. Upon testing the support level, the quotes may bounce off it and continue growing. However, the price may grow to 0.7100 and continue the uptrend without testing the support level.
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.
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
USDCHF, “US Dollar vs Swiss Franc”
On H4, at the support level the pair has formed a Dodji reversal pattern. Currently, the pair is going by the signal in an ascending wave. The goal of the pullback might be 0.9295. Upon testing the resistance level, the pair may bounce off it and continue the downtrend. However, the quotes may fall to 0.9195 without correcting to the resistance level.
By JustMarkets
This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.
- 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
- European stock markets declined amid rising concerns about an energy crisis May 13, 2026
- USD/JPY Continues to Climb Amid External and Domestic Pressures May 13, 2026
- You can change your emotions – but it’s a 2‑step process that takes some effort May 12, 2026
- The United States rejected Iran’s proposal for resolving the conflict. Oil prices surged again May 12, 2026
- EUR/USD on Edge: Middle East and China in Focus May 12, 2026
- The US stock indices continue to set new records. China’s exports showed a sharp increase May 11, 2026
