Japanese Candlesticks Analysis 25.07.2017 (EURUSD, USDCAD)
25.07.2017
EURUSD
Having come close to the highs, the pair has stopped and formed several reversal patterns: Hanging Man, Shooting Star and Doji. The said candlestick patterns suggest the price can rebound towards the support level 1.1600.
USDCAD
On the H4-chart the pair is still declining, and this is confirmed by a number of consequent patterns Engulfing and Shooting Star. At the moment we see a correction move which can bring the pair to 1.2556 level.
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.