Japanese Candlesticks Analysis 26.01.2023 (USDCAD, AUDUSD, USDCHF)
USDCAD, “US Dollar vs Canadian Dollar”
On H4, the currency pair has formed a Harami reversal pattern. The pair may now go by the pattern in a descending wave. The goal of the decline might be 1.3325; later the pair may break through the support level and continue the decline. However, the price may pull back to 1.3425 before falling.
AUDUSD, “Australian Dollar vs US Dollar”
On H4, the pair has formed a Harami reversal pattern. The instrument is now going by the signal in an ascending wave. The goal of further growth might be 0.7175. Upon testing the resistance level, the pair may break through it and continue the growth. However, the pair may pull back to 0.7065 before continuing the uptrend.
USDCHF, “US Dollar vs Swiss Franc”
On H4, at the support level, the pair has formed a Dodji reversal pattern. The instrument may go by the signal in an ascending wave. The goal of the pullback might be 0.9215. Upon testing the resistance level, the price may bounce off it and continue developing the downtrend. However, the price may fall to 0.9120 without any correction.
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.