Article By RoboForex.com
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD has finished another correction towards the support level and formed several Engulfing and Hammer reversal patterns there. Judging by the previous movements, right now it may be assumed that the instrument is forming another pullback before starting a new ascending movement.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD has completed another correction from the support level and formed Doji and Shooting Star reversal patterns. Judging by the previous movements, it may be assumed that the instrument is being corrected again before continuing the downtrend.
Article By RoboForex.com
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.
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.
