Japanese Candlesticks Analysis 21.07.2017 (NZDUSD, USDCAD)
21.07.2017
NZDUSD
The New Zealand dollar keeps rising against the US dollar. The NZDUSD pair has formed a Hummber, Engulfing, Inverted Hammer and Tweezers patterns on the H4-chart. Those pattern suggest continuation of the current tendency. The pair can potentially reach the resistance level at 0.7484.
USDCAD
The pair keeps moving lower on the H4-chart and has formed the Engulfing and Shooting Star patterns which confirm the downward direction. Price can potentially fall to 1.2500.
Attention!
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.