Candlestick Forex Analysis

02.12.2020EURUSD, “Euro vs. US Dollar”On H4, EURUSD keeps developing ascending dynamics. Breaking the lower border of the channel, the pair formed several reversal patterns near the resistance level, including a Shooting Star. At the current stage, the realization of the signals might take the form ...

01.12.2020USDCAD, “US Dollar vs Canadian Dollar”On H4, the pair keeps developing a downtrend. At this stage, the pair has formed several reversal patterns, including a Harami. The signal of the reversal pattern might drive the price down to the support level. Thus the quotations will continue the de...

30.11.2020XAUUSD, “Gold vs US Dollar”XAUUSD keeps developing descending dynamics. It might form an inverted Hammer near the support level. The reversal pattern might currently lead the pair to a correction. The aim of the pullback is the resistance level of 1805.00. Nonetheless, the quotations might...

27.11.2020EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, the ascending tendency continues. Right now, after finishing the correction and forming several reversal patterns, such as Doji, close to the support area, EURUSD is reversing and may continue trading upwards. The upside target may...

26.11.2020USDCAD, “US Dollar vs Canadian Dollar”As we can see in the H4 chart, the pair is still moving within the descending tendency. Right now, after forming several reversal patterns, such as Harami, not far from the support level, USDCAD is reversing and may correct towards the descending chann...

25.11.2020XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, the ascending tendency continues. Right now, after forming several reversal patterns, such as Hammer, close to the support area, XAUUSD is expected to reverse and correct to the upside. In this case, the upside target will be the re...

24.11.2020EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, the ascending tendency continues. Right now, after finishing the correction and forming several reversal patterns, such as Doji, close to the support area, EURUSD is reversing. The upside target remains at 1.1970. After that, the i...

23.11.2020USDCAD, “US Dollar vs Canadian Dollar”As we can see in the H4 chart, the pair is still correcting within the descending tendency. Right now, after forming a Shooting Star pattern, USDCAD is reversing and correcting. Later, the market may resume trading downwards. The downside target remain...

20.11.2020XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, after plunging within the ascending tendency, the asset is trying to regain its position. After forming several reversal patterns, such as Long-Legged Doji, close to the support area, XAUUSD is expected to reverse and start another ...

19.11.2020EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, the ascending tendency continues. Right now, after finishing the correction and forming several reversal patterns, such as Harami, close to the support area, EURUSD is reversing. The upside target remains at 1.1960. After that, the...

18.11.2020USDCAD, “US Dollar vs Canadian Dollar”As we can see in the H4 chart, the pair is still correcting within the descending tendency. Right now, after forming a Shooting Star pattern, USDCAD is reversing and correcting. Later, the market may resume trading downwards. The downside target remain...

17.11.2020XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, after plunging within the ascending tendency, the asset is trying to regain its positions. After forming several reversal patterns, such as Harami, close to the support area, XAUUSD is expected to reverse and start another rising im...

16.11.2020EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, the ascending tendency continues. Right now, after forming several reversal patterns, such as Hammer, close to the support area, EURUSD is reversing. The upside target remains at 1.1950. After that, the instrument may continue movi...

13.11.2020USDCAD, “US Dollar vs Canadian Dollar”As we can see in the H4 chart, the pair is still correcting within the descending tendency. Right now, after forming a Harami reversal pattern, USDCAD is moving upwards to reach the channel’s upside border. The upside target is at 1.3200. After testing...

12.11.2020XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, the instrument is quickly falling within the ascending tendency. After forming several reversal patterns, such as Harami, close to the support area, XAUUSD is expected to reverse and rebound from the channel’s downside border due to...

11.11.2020EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, the ascending tendency continues. Right now, after forming several reversal patterns, such as Hammer, close to the support area, EURUSD is reversing. The upside target is at 1.1950. After that, the instrument may continue moving up...

10.11.2020USDCAD, “US Dollar vs Canadian Dollar”As we can see in the H4 chart, the descending tendency continues. Right now, after forming several reversal patterns, such as Harami, close to the support area, USDCAD is expected to reverse and correct towards 1.3120. After testing the resistance area...

09.11.2020XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, the ascending tendency continues. After forming several reversal patterns, such as Shooting Star, XAUUSD is not expected to reverse due to a strong rising tendency. In this case, the upside target will be the resistance area at 1985...

06.11.2020EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, the ascending tendency continues. Right now, after forming several reversal patterns, such as Hammer, close to the support area, EURUSD has reversed; right now, it is forming another correction not far from the resistance area and ...

05.11.2020USDCAD, “US Dollar vs Canadian Dollar”As we can see in the H4 chart, the descending tendency continues. Right now, after finishing a Hanging Man pattern, USDCAD is reversing and testing the support level. After a slight correction, the pair is expected to resume moving downwards with the t...

04.11.2020XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, after finishing another correction within the rising tendency and forming a Hammer pattern not far from the support area, XAUUSD is reversing and may form a slight correction, which may be followed by further growth. In this case, t...

03.11.2020EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, the descending tendency continues. Right now, after forming several reversal patterns, such as Hammer, close to the support area, EURUSD is still reversing and may later reach the resistance level at 1.1710. After that, the instrum...

02.11.2020USDCAD, “US Dollar vs Canadian Dollar”As we can see in the H4 chart, the ascending tendency continues. Right now, after finishing a Hammer pattern, USDCAD is reversing and testing the resistance area. After a slight correction, the pair is expected to resume moving upwards with the target ...

30.10.2020XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, after finishing the correction within the rising tendency and forming another Hammer pattern not far from the support area, XAUUSD may reverse and form one more slight correction, which may be followed by further decline. In this ca...

29.10.2020EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, the correction within the uptrend continues. Right now, after forming several reversal patterns, such as Hammer, close to the support area, EURUSD is still reversing and may later resume growing to reach the upside target at the re...

28.10.2020USDCAD, “US Dollar vs Canadian Dollar”As we can see in the H4 chart, the correction within the descending tendency continues. Right now, after re-testing the resistance area and forming several reversal patterns, such as Harami, USDCAD is expected to reverse and fall towards 1.3090. Howeve...

27.10.2020XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, the pair is finishing the correction within the rising tendency. After forming another Hammer pattern not far from the support area, XAUUSD may reverse and move towards the next upside target at the resistance area at 1945.00. At th...

26.10.2020EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, the correction within the uptrend continues. Right now, after forming a Hanging Man pattern close to the resistance area, EURUSD is reversing and may later resume falling to reach the target at the support level at 1.1745. At the s...

23.10.2020USDCAD, “US Dollar vs Canadian Dollar”As we can see in the H4 chart, the correction within the descending tendency continues. Right now, after re-testing the resistance area and forming several reversal patterns, such as Harami, USDCAD is expected to reverse and fall towards 1.3040. Howeve...

22.10.2020XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, the pair is finishing the correction within the rising tendency. After forming another Hammer pattern not far from the support area, XAUUSD may reverse and move towards the next upside target at the resistance area at 1945.00. At th...