USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD is still being corrected and forming Doji, Inverted Hammer, and Hammer reversal patterns. 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 reversal patterns. Right now, the pair may start another correction. Judging by the previous movements, it may be assumed that the instrument may complete the correction and then continue moving inside the downtrend.
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.