Japanese Candlesticks Analysis 20.07.2017 (USDCAD, GBPUSD)
20.07.2017
USDCAD
The Cadadian dollar keeps rising against its US peer. On the H4-chart the pair has formed several Engulfing models, Doji and Shooting Star which suggest that the current descending move can be extended.
GBPUSD
The pair has formed Engulfing models, Shooting Star and Doji. The support level which delayed the price movement for a short while has been broken, and currently a descending move that can bring the price to 1.2950 is being developed.
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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.