Technical analysis of the USD/CAD
USD/JPY: market still moving sideways
Information is not investment advice
The market is still moving sideways. There's a bullish 'Doji' pattern, which has been confirmed. Thus, the pair is likely going to test the upper 'Window' (112.54). The subsequent pullback from this level could be a starting point for a downward correction in the direction of the lower 'Window' (109.38).
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USD/CAD firstly formed a bullish “engulfing” candlestick on the W1 and then confirmed the upside by the following strong bullish candlestick.
A bearish “engulfing” pattern was formed on the W1 chart of NZD/USD around the 38.2% Fibonacci retracement level of the July-October decline.