{"id":152608,"date":"2019-08-01T10:15:34","date_gmt":"2019-08-01T14:15:34","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=152608"},"modified":"2019-08-01T09:02:46","modified_gmt":"2019-08-01T13:02:46","slug":"japanese-candlesticks-analysis-01-08-2019-usdcad-audusd","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/08\/japanese-candlesticks-analysis-01-08-2019-usdcad-audusd\/","title":{"rendered":"Japanese Candlesticks Analysis 01.08.2019 (USDCAD, AUDUSD)"},"content":{"rendered":"<div id=\"inves-1377331108\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">August 1, 2019<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>Article By <a href=\"http:\/\/roboforex.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><u>RoboForex.com<\/u><\/a><\/strong><\/p>\n<div class=\"news__text\">\n<p><strong>USDCAD, \u201cUS Dollar vs Canadian Dollar\u201d<\/strong><\/p>\n<p>As we can see in the H4 chart, USDCAD is testing the resistance level within the uptrend and has already formed several reversal candlesticks, including <em>Hanging Man<\/em> pattern. Right now, the pair is still testing the level. Possibly, the price may rebound from the resistance line and go back to 1.3125. However, we shouldn\u2019t ignore a possibility that the instrument may move sideways without reversing, break the channel\u2019s upside border, and continue its growth to reach 1.3270.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.roboforex.com\/uploads\/roboforecast\/roboforex.com\/99\/2019\/Candles\/august\/01\/USDCADH4.png\" alt=\"USDCAD\" \/><br \/>\n<img decoding=\"async\" src=\"https:\/\/www.roboforex.com\/bundles\/roboforecast\/images\/risk-warning\/en.png\" alt=\"Risk Warning: the result of previous trading operations do not guarantee the same results in the future\n\" \/><\/p>\n<p><strong>AUDUSD, \u201cAustralian Dollar vs US Dollar\u201d<\/strong><\/p>\n<p>As we can see in the H4 chart, the pair is forming the descending channel. Right now, AUDUSD is testing the support level and forming <em>Hammer<\/em> and <em>Inverted Hammer<\/em> reversal patterns. Judging by the previous movements, we may assume that the price is going to rebound from this level. The upside target is at 0.6918. However, we shouldn\u2019t ignore a possibility that the instrument may break the support level and continue falling to reach 0.6787.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.roboforex.com\/uploads\/roboforecast\/roboforex.com\/99\/2019\/Candles\/august\/01\/AUDUSDH4.png\" alt=\"AUDUSD\" \/><br \/>\n<img decoding=\"async\" src=\"https:\/\/www.roboforex.com\/bundles\/roboforecast\/images\/risk-warning\/en.png\" alt=\"Risk Warning: the result of previous trading operations do not guarantee the same results in the future\n\" \/><\/p>\n<\/div>\n<div class=\"page-back__section\"><\/div>\n<p><strong>Article By <a href=\"http:\/\/roboforex.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><u>RoboForex.com<\/u><\/a><\/strong><\/p>\n<p><strong>Attention!<\/strong><br \/>\nForecasts presented in this section only reflect the author\u2019s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article By RoboForex.com USDCAD, \u201cUS Dollar vs Canadian Dollar\u201d As we can see in the H4 chart, USDCAD is testing the resistance level within the uptrend and has already formed several reversal candlesticks, including Hanging Man pattern. Right now, the pair is still testing the level. Possibly, the price may rebound from the resistance line [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-152608","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/152608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=152608"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/152608\/revisions"}],"predecessor-version":[{"id":152609,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/152608\/revisions\/152609"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=152608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=152608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=152608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}