Japanese Candlesticks Analysis 03.10.2017 (USD/CAD, USD/JPY)

October 3, 2017

Article By RoboForex.com

USD CAD, “US Dollar vs Canadian Dollar”

The USD continues strengthening against the Canadian Dollar. At the H4 chart, the USD/CAD pair formed the ascending channel with Harami, Hammer, Doji, and Engulfing reversal patterns at support and resistance levels to define its borders. The par failed to reach the resistance level at 1.2552 during the previous trading session; it stopped at 1.2525 and formed Engulfing, Doji, and Stick Sandwich patterns. The upside target is still at 1.2552.

 

USD JPY, “US Dollar vs. Japanese Yen”

The USD is getting more expensive against the Japanese Yen. At the H4 chart, the pair formed the ascending channel with Hammer, Harami, Shooting Star, Doji, and Engulfing reversal patterns at support and resistance levels to define its borders. The upside target is at 114.00.

 

RoboForex Analytical Department


Free Reports:

Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly 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.





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

InvestMacro is a finance website dedicated to helping investors make better informed decisions through educational content and products