Article By RoboForex.com
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD has formed another correction towards the support level with Engulfing, Hammer, and Inverted Hammer reversal patterns. Judging by the previous movements, right now it may be assumed that the instrument is being corrected before starting a new ascending tendency.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD has rebounded from the resistance level once again and formed several Doji, Engulfing, and Harami reversal patterns. Judging by the previous movements, it may be assumed that the instrument is being corrected before forming a new uptrend.
Article By RoboForex.com
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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.
