Sat. Oct 16th, 2021

Article by RoboForex.com

USDCAD, “US Dollar vs. Canadian Dollar”

As we can see in Chart H4, the asset continues to grow. After forming various investment patterns, such as Hammer i Inverted hammer, near the support level, USDCAD is reversing and resuming its growth towards the 1.2775 resistance zone. However, an alternative scenario implies that the asset may correct up to 1.2660 before resuming its growth.

USDCAD


Risk Warning: The result of previous business operations does not guarantee the same results in the future

AUDUSD, “Australian Dollar vs. US Dollar”

As we can see in Chart H4, AUDUSD continues to fall within the descending channel; for now, it has already formed a Harami investment pattern during the downturn. For now, the asset is being reversed. In this case, the downside target may be 0.7155. At the same time, an opposite scenario implies that the price can be corrected to reach the resistance level at 0.7240 and before continuing its downward trend.

AUDUSD
Risk Warning: The result of previous business operations does not guarantee the same results in the future

USDCHF, “US Dollar against Swiss Franc”



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As we can see in the H4 chart, the upward trend continues. So far, the pair has formed several investment patterns, e.g. Doji i Hammer, near the lower edge of the canal. For now, USDCHF may reverse and grow towards the resistance level. In this case, the positive target may be 0.9255. However, there may be an alternative scenario where the asset can be corrected first towards 0.9161 and then resume trading higher.

USDCHF

Article by RoboForex.com

Attention!
The forecasts presented in this section only reflect the private opinion of the author and should not be construed as a guideline for trade. RoboForex LP is not responsible for trading results based on the trading recommendations described in these analytical reviews.

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