Article By RoboForex.com
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD is still moving upwards and forming Doji, Harami, and Engulfing reversal patterns during slight pullbacks. Judging by the previous movements, right now it may be assumed that the instrument may complete this pullback and then start a new ascending movement.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD is still falling and forming Hammer, Inverted Hammer, and Engulfing reversal patterns. Right now, the pair is being corrected again. Judging by the previous movements, it may be assumed that the instrument may complete the correction and then continue moving inside the downtrend.
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.
