Candlestick Forex Analysis

31.07.2020XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, the uptrend continues. After finishing a Harami pattern not far from the resistance level and reversing, XAUUSD has returned to the level. Later, the price is expected to continue trading upwards. In this case, the upside target may...

30.07.2020EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, the asset is correcting within the ascending tendency. After forming a Harami pattern not far from the resistance level, EURUSD has started reversing. Considering the current bullish dynamics, the price may form a slight pullback t...

29.07.2020USDCAD, “US Dollar vs Canadian Dollar”As we can see in the H4 chart, USDCAD is still trading not far from the descending channel’s downside border and forming reversal patterns. By now, the pair has completed a Hammer pattern and is starting to reverse. However, the price is unlikely to co...

28.07.2020XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, the uptrend continues. After finishing an Engulfing pattern not far from the resistance level, XAUUSD may reverse and form a slight correction. Later, the price is expected to resume trading upwards. In this case, the upside target ...

27.07.2020EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, the ascending tendency continues. After forming a Shooting Star pattern not far from the resistance level, EURUSD has started reversing. Considering the current bullish dynamics, the price may form a slight pullback and then resume...

24.07.2020USDCAD, “US Dollar vs Canadian Dollar”As we can see in the H4 chart, after re-testing the descending channel’s downside border and forming a Harami pattern, USDCAD has started reversing. Considering the current downtrend, one may assume that the asset may correct towards 1.3475 and then co...

23.07.2020XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, the uptrend continues. After finishing a Shooting Star pattern not far from the resistance level, XAUUSD has failed to reverse and right now is still moving upwards. In this case, the upside target may be at 1890.00. At the same tim...

22.07.2020EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, the ascending tendency continues. After breaking the channel’s border and forming a Shooting Star pattern not far from the resistance level, EURUSD has started reversing. Considering the current bullish dynamics, the price may form...

21.07.2020USDCAD, “US Dollar vs Canadian Dollar”As we can see in the H4 chart, after re-testing the resistance area and forming a Shooting Star pattern, USDCAD has almost reversed. Considering the current downtrend, one may assume that the asset may break the support level and then continue falling....

20.07.2020XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, the asset continues moving sideways within the uptrend. After finishing a Harami reversal pattern not far from the resistance level, XAUUSD is expected to reverse. In this case, the downside target may be the support area at 1796.00...

17.07.2020EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, the ascending tendency continues. After forming a Harami pattern not far from the channel’s upside border, EURUSD is reversing. Considering the current bullish dynamics, the price may finish the correction and then resume trading u...

16.07.2020USDCAD, “US Dollar vs Canadian Dollar”As we can see in the H4 chart, USDCAD is testing the support level once again. By now, the price has formed several reversal patterns, such as Doji. Considering the current downtrend, one may assume that the asset may finish the correction and then con...

15.07.2020XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, the uptrend continues. After finishing a Harami reversal pattern not far from the resistance level, XAUUSD is reversing and correcting towards rising channel’s downside border. One may assume that later the pair may complete the pul...

14.07.2020EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, the pair is still forming the ascending channel. After forming a Harami pattern, EURUSD is reversing. Considering the current bullish dynamics, the price may finish the correction and then resume trading upwards to reach the resist...

13.07.2020USDCAD, “US Dollar vs Canadian Dollar”As we can see in the H4 chart, USDCAD is rebounding from the resistance level once again. By now, after completing the correction, the price has formed a Harami pattern. Considering the current downtrend, one may assume that the asset may continue fall...

10.07.2020XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, the uptrend continues. After finishing a Shooting Star reversal pattern not far from the resistance level, XAUUSD is reversing and correcting towards rising channel’s downside border. One may assume that later the pair may complete ...

09.07.2020EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, the pair has started forming a new ascending channel. Right now, EURUSD is reversing after forming a Hammer pattern. Considering the current bullish dynamics, the price may finish the correction and then resume trading upwards to r...

08.07.2020USDCAD, “US Dollar vs Canadian Dollar”As we can see in the H4 chart, USDCAD is still rebounding from the resistance level. By now, after completing the correction, the price has formed a Harami pattern. Considering the current downtrend, one may assume that the asset may continue falling. ...

07.07.2020XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, the uptrend continues. After finishing another Doji reversal pattern not far from the rising channel’s downside border, XAUUSD is reversing and correcting from the horizontal resistance level. One may assume that later the pair may ...

06.07.2020EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, the pair is once again testing the descending channel’s upside border. By now, EURUSD hasn’t formed any reversal patterns. Considering the current bearish dynamics, the price may rebound from the resistance level towards 1.1195 and...

03.07.2020USDCAD, “US Dollar vs Canadian Dollar”As we can see in the H4 chart, USDCAD is still rebounding from the resistance level. By now, the price has reversed and is forming another correction. Considering the current downtrend, one may assume that after a slight pullback the asset may resume f...

02.07.2020XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, the ascending tendency continues. After finishing the pullback and testing the support level, XAUUSD has formed a Hammer pattern. At the moment, the price may start reversing to continue the uptrend. In this case, the upside target ...

01.07.2020EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, the sideways tendency continues. By now, EURUSD has formed several reversal patterns not far from the support level. Considering the current bearish dynamics, the price may form a slight correction towards 1.1300 and then resume fa...

30.06.2020USDCAD, “US Dollar vs Canadian Dollar”As we can see in the H4 chart, USDCAD is still testing the resistance level. By now, the price has formed several reversal patterns, including Long-Legged Doji. However, considering the current downtrend, one may assume that the asset may reverse and r...

29.06.2020XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, the ascending tendency continues. After finishing the pullback and testing the support level, XAUUSD has formed an Engulfing pattern. At the moment, the price is reversing and may continue moving upwards. In this case, the upside ta...

26.06.2020EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, after forming a Shooting Star pattern near the resistance level, EURUSD is reversing. After a slight correction, the pair may continue falling. The downside target remains at 1.1155. At the same time, there is another scenario, whi...

25.06.2020USDCAD, “US Dollar vs Canadian Dollar”As we can see in the H4 chart, USDCAD is still rebounding from the support level and reversing after completing a Harami reversal pattern. At the moment, the pair is moving below the resistance level. However, considering the current downtrend, one may...

24.06.2020XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, after testing the resistance level, XAUUSD has formed a Shooting Star pattern. Possibly, the pair may reverse and start a new pullback towards 1750.00. Later, the market may resume the ascending tendency to reach the resistance leve...

23.06.2020EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, after forming a Shooting Star pattern close to the resistance level, EURUSD is expected to start reversing. The downside target remains at 1.1155. At the same time, there is another scenario, which implies that the price may contin...

22.06.2020USDCAD, “US Dollar vs Canadian Dollar”As we can see in the H4 chart, the sideways tendency continues. Right now, USDCAD is moving above the resistance level. However, considering the current downtrend, one may assume that the asset may break the sideways channel to the downside and then co...