Japanese Candlesticks Analysis: USD/CAD, AUD/USD, USD/CHF

www.investing.com/analysis/japanese-candlesticks-analysis-200543592

By Maksim Artemov | Nov 05, 2020 04:55AM ET

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USD/CAD

As we can see in the H4 chart, the descending tendency continues. Right now, after finishing a "Hanging Man" pattern, USD/CAD is reversing and testing the support level. After a slight correction, the pair is expected to resume moving downwards with the target at 1.3000. However, an alternative scenario implies that the price may return to the resistance area at 1.3265 before resuming the downtrend.

USDCAD

AUD/USD

As we can see in the H4 chart, after breaking the descending channel’s upside border, AUD/USD continues moving upwards. Right now, the pair is correcting. After finishing the pullback, the asset may resume growing to reach the resistance area at 0.7245. At the same time, an opposite scenario says that the price may fall to return to 0.7045 before resuming its growth.

AUDUSD

USD/CHF

As we can see in the H4 chart, the asset continues forming the descending impulse. After forming several reversal patterns, such as "Harami", not far from the horizontal support level, USD/CHF is expected to reverse and form a slight correction. In this case, the downside target may be the next support area at 0.9030. Still, there might be an alternative scenario, according to which the asset may continue falling and return to the resistance level at 0.9185 before resuming its descending tendency.

USDCHF

Disclaimer: Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

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Chukwuemeka Nneke Dec 24, 2020 5:17AM ET

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Central Banks

Interest Rates

Next Meeting

FED

0.00%-0.25%

Nov 03, 2021

ECB

0.00%

Oct 28, 2021

BOE

0.10%

Nov 04, 2021

SNB

-0.75%

Dec 16, 2021

RBA

0.10%

Nov 02, 2021

BOC

0.25%

Oct 27, 2021

RBNZ

0.50%

Nov 24, 2021

BOJ

-0.10%

Oct 28, 2021

CBR

6.75%

Oct 25, 2021

RBI

4.00%

Dec 08, 2021

PBOC

3.85%

BCB

6.25%

Oct 26, 2021

US 30	35,310.0	+397.4	+1.14%
US 500	4,473.2	+35.0	+0.79%
Dow Jones	35,294.76	+382.20	+1.09%
S&P 500	4,471.37	+33.11	+0.75%
Nasdaq	14,897.3	+73.9	+0.50%
S&P 500 VIX	16.30	-0.56	-3.32%
Dollar Index	93.960	-0.001	0.00%

Crude Oil WTI	82.53	+1.22	+1.50%
Brent Oil	84.84	+0.84	+1.00%
Natural Gas	5.422	-0.265	-4.66%
Gold	1,768.20	-29.70	-1.65%
Silver	23.352	-0.125	-0.53%
Copper	4.7200	+0.0885	+1.91%
US Soybeans	1,218.75	+12.75	+1.06%

SPDR S&P 500	445.87	+3.37	+0.76%
iShares Russell 2000	225.16	-0.71	-0.31%
Invesco QQQ Trust	368.94	+2.31	+0.63%
Direxion Daily Junior Gold Miners Bull 2X Shares	68.54	-1.08	-1.55%
iShares Silver	21.58	-0.22	-1.01%
ProShares Ultra VIX Short-Term Futures	18.17	+0.01	+0.06%
ProShares UltraPro QQQ	135.71	+2.47	+1.85%

Apple	144.84	+1.08	+0.75%
Alphabet A	2,827.4	+4.3	+0.15%
Tesla	843.03	+24.71	+3.02%
Amazon.com	3,409.02	+109.16	+3.31%
Netflix	628.29	-5.51	-0.87%
Facebook	324.76	-3.77	-1.15%
Bank of America	46.37	+1.30	+2.88%

Japanese Candlesticks Analysis: USD/CAD, AUD/USD, USD/CHF

USD/CAD

AUD/USD

USD/CHF

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