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Japanese Candlesticks Analysis 01.12.2022 (USDCAD, AUDUSD, USDCHF)

1 december 2022 - Fx4News

USDCAD, “US Dollar vs Canadian Dollar”

On H4, at the support level, the pair has formed a Harami reversal pattern. Currently, the pair is going by the signal in a descending wave. The goal of the decline may be 1.3330; next thing, the price might break through the support level and extend the downtrend. However, the price may pull back to 1.3480 before declining.

USDCAD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUDUSD, “Australian Dollar vs US Dollar”

On H4, at the support level, the currency pair has formed a Hammer reversal pattern. Currently, the pair may go by the signal in an ascending wave. The goal of the growth may be 0.6910. Upon testing the resistance level, the quotes might get a chance to break through it and continue the uptrend. However, the price may pull back to 0.6765 before growing.

AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCHF, “US Dollar vs Swiss Franc”

On H4, at the resistance level, the pair has formed a Doji reversal pattern. Currently, the pair may go by the signal in a descending wave. The goal of the decline might be 0.9300. Upon testing the support level, the pair might get a chance to break through it and continue developing the downtrend. However, the price may pull back to 0.9525 before declining.

USDCHF
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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