Japanese Candlesticks Analysis 07.09.2020 (USDCAD, AUDUSD, USDCHF)
USDCAD, “US Dollar vs Canadian Dollar”
On H4, the pair formed a Harami upon testing the upper border of the channel. The quotations are working off the signal of the reversal pattern. Most [probably, the price will complete the pullback and go on declining, renewing the lows. The aim of the downtrend is 1.2950.
AUDUSD, “Australian Dollar vs US Dollar”
On H4, the quotations keep correcting in an uptrend. The pair has just formed a Hammer near the support level. We may expect it to start working off the signal of the pattern, aiming at the resistance level of 0.7400. However, the correction may continue, aiming at 0.7225.
USDCHF, “US Dollar vs Swiss Franc”
On H4, the pair keeps correcting in a downtrend. It has formed several reversal patterns, including a Shooting Star, near the resistance level. The working-off of the candlestick pattern will aim at 0.9035. However, the growth may continue to 0.9167 before resuming the decline.
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