USDCAD, “US Dollar vs Canadian Dollar”
The pair formed an Engulfing reverse pattern on H4. The pattern is currently in a downward wave. The target of the fall might be 1.3300. If the support level is broken, the price could continue its downtrend. The price could pull back to 1.3430, but it may not fall.
AUDUSD, “Australian Dollar vs US Dollar”
The pair has created a Hammer reversal patterns on H4. Now, the instrument is following an ascending wave signal. The goal of growth could be 0.7070. The resistance level might be broken and the price may continue to grow. The price could pull back below 0.6925 to continue the upward trend after the correction.
USDCHF, “US Dollar vs Swiss Franc”
The pair formed a Hanging Man reverse pattern on H4, which is at the resistance level. Now, the instrument is following the signal in a decreasing wave. The goal of the downtrend might be 0.9155. The pair may break the support level and continue to develop the downtrend after testing it. The price may drop to 0.9250 but not before it does so.
Article By RoboForex.com
This section does not include forecasts.