{"id":168279,"date":"2020-04-07T09:45:52","date_gmt":"2020-04-07T13:45:52","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=168279"},"modified":"2020-04-07T07:47:06","modified_gmt":"2020-04-07T11:47:06","slug":"japanese-candlesticks-analysis-07-04-2020-usdcad-audusd-usdchf","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/04\/japanese-candlesticks-analysis-07-04-2020-usdcad-audusd-usdchf\/","title":{"rendered":"Japanese Candlesticks Analysis 07.04.2020 (USDCAD, AUDUSD, USDCHF)"},"content":{"rendered":"
April 7, 2020<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

USDCAD, \u201cUS Dollar vs Canadian Dollar\u201d<\/strong><\/p>\n

As we can see in the H4 chart, after forming a Hammer <\/em>pattern and reversing, USDCAD has tested the channel\u2019s upside border. At the moment, the pair is still rebounding from the resistance level to continue the descending tendency. In this case, the downside target may be at 1.3920. At the same time, there might be another scenario, which implies that the instrument may re-test the channel\u2019s upside border and grow towards 1.4300.<\/p>\n

\"USDCAD\"
\n\"Risk<\/p>\n

AUDUSD, \u201cAustralian Dollar vs US Dollar\u201d<\/strong><\/p>\n

As we can see in the H4 chart, the pair continues the ascending tendency. After completing an Inverted Hammer<\/em> pattern near the rising channel\u2019s downside border, AUDUSD is reversing. Later, the price may continue trading upwards to reach 0.6333. Still, the instrument may choose a different scenario and continue falling towards 0.6000.<\/p>\n

\"AUDUSD\"
\n\"Risk<\/p>\n

USDCHF, \u201cUS Dollar vs Swiss Franc\u201d<\/strong><\/p>

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As we can see in the H4 chart, the pair continues forming the ascending channel. By now, USDCHF has formed a Doji <\/em>pattern near the resistance level. The current situation suggests that after reversing the pair may start a slight correction and then continue the ascending tendency. In this case, the upside target may be at 0.9868. However, one shouldn\u2019t ignore another scenario, which implies a deeper correction towards 0.9645.<\/p>\n

\"USDCHF\"<\/p>\n

Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Attention!<\/strong>
\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":"

Article By RoboForex.com USDCAD, \u201cUS Dollar vs Canadian Dollar\u201d As we can see in the H4 chart, after forming a Hammer pattern and reversing, USDCAD has tested the channel\u2019s upside border. At the moment, the pair is still rebounding from the resistance level to continue the descending tendency. In this case, the downside target may […]<\/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-168279","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/168279","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=168279"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/168279\/revisions"}],"predecessor-version":[{"id":168283,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/168279\/revisions\/168283"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=168279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=168279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=168279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}