USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD has reached another support level and formed several Hammer, Harami, and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that right now the instrument may form one more correction and then resume its descending movement.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD has broken the resistance level and formed Shooting Star and Hanging Man reversal patterns. Judging by the previous movements, it may be assumed that after finishing another correction the instrument may start a new decline.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is intended for our customers, and is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.