WIKIFX REPORT: Japanese Candlesticks Analysis 20.07.2022 (USDCAD, AUDUSD, USDCHF)
Abstract：Japanese Candlesticks are a technical analysis tool that traders use to chart and analyze the price movement of securities. Below are the recent analysis for some pairs:
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, after forming a Doji reversal pattern close to the support level, USDCAD may reverse in the form of another ascending impulse. In this case, the upside target may be the resistance area at 1.2940. Later, the market may break this level and continue to grow. However, an alternative scenario implies that the asset may correct to reach 1.2805 and continue the uptrend only after the pullback.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD has formed a Hanging Man reversal pattern near the resistance area. At the moment, the asset is reversing in the form of a new descending impulse. In this case, the downside target may be the support level at 0.6855. After testing the level, the price may break it and continue the descending tendency. At the same time, the opposite scenario implies that the price may correct to reach 0.6960 and continue the downtrend only after the pullback.
USDCHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, after testing the support area, the pair has formed several reversal patterns; for example, Hammer. At the moment, USDCHF may reverse in the form of a new rising impulse. In this case, the upside target may be at 0.9755. After testing the resistance level, the price may break it and continue trading upwards. Still, there might be an alternative scenario, according to which the asset may correct to reach 0.9635 and continue the ascending tendency only after correcting down to the support area.
Read more
Rupee Ends 13 Paise Up at 95.15 After RBI Holds Repo at 5.25%: The Effect of a Weak USD, Cooler Oil
The Indian rupee settled at 95.15 against the US dollar on 5 August 2026, gaining 13 paise after the Reserve Bank of India's Monetary Policy Committee voted 6-0 to keep the repo rate unchanged at 5.25 percent for the third time in a row in FY27. The rupee had opened 46 paise higher, rallied to an intraday strongest of 94.89 ahead of the policy decision, and then drifted back as RBI Governor Sanjay Malhotra noted that the currency 'has not appreciated as intended despite the high flows from foreign shores.' A weak dollar index, a sharp pullback in Brent crude from above USD 100 in July, and net FII equity inflows of Rs 2,447 crore on Tuesday combined to support the rupee. USD-INR is expected to trade in a 94.80-95.50 band in the near term.
Errante Review 2026: Users Claim a Poor Trading Experience. What Does Our Investigation Reveal?
Errante, a Seychelles-based brokerage entity, is facing serious trading allegations from users globally. Users claim to have earned profits legitimately using their strategies. However, on the Errante login dashboard, many users reported an automatic deduction of earned profits. At the same time, withdrawal issues allegedly haunt many traders here. While investigating, we also found complaints concerning trade order manipulations by the broker. In this Errante review, we have examined these allegations and given an overview of its regulatory status.
Monisha Chakraborty Appointed as RB Executive Director: What Does This Mean for India's FX Market?
The Reserve Bank of India has appointed Monisha Chakraborty as Executive Director with effect from 3 August 2026; she will oversee the Foreign Exchange Department and the Financial Markets Regulation Department. Chakraborty is a career central banker with over three decades of experience in Supervision, Foreign Exchange, and Government and Bank Accounts, and previously served as Banking Ombudsman. This report explains the significance of the new RBI Executive Director appointment for forex regulation India, the scope of the Foreign Exchange Department and the Financial Markets Regulation Department, and what authorised persons, banks, and forex market participants should monitor as the new ED takes charge.
Forex Liquidity Provider in 2026: How to Choose One Your Brokerage Can Actually Operate
A forex liquidity provider decision now shapes the broker's spreads, fills, slippage, hedging cost, regulatory exposure, and exit options long after the platform is chosen. This 2026 guide explains what a forex LP actually delivers versus what the marketing claim says, how tier-1 banks, prime of prime, and multi-LP aggregators differ in practice, and how execution models (DMA, ECN, STP) change the broker's daily operating reality. It also walks through due diligence on credit, technology, reporting, governance, and exit, and shows how a 2026 broker can combine a primary LP with secondary routing without losing control of the client experience. Use the decision matrix, integration timeline, and operational tests to compare an fx liquidity provider before contract signature, not after a market event.
WikiFX Broker
Latest News
Apple Faces Lawsuit Over Fake Crypto App Exposing $1.8 Million Theft
WikiFXTrump Memecoin Faces SEC Scrutiny After Nearly One Million Investors Suffer Heavy Losses
WikiFX"They Want to See Your Face": Inside ATFX Cambodia's Rise
WikiFXSpread Cheating: The Invisible Trading Cost That Could Be Working Against You
WikiFXLevels Review: No Regulation and Mounting Withdrawal Complaints – What Traders Need to Know
WikiFXLQH MARKETS Review: Multiple Traders Report Withdrawals Blocked and Accounts Terminated
WikiFXBorn2trade Adds Copy Trading to 1:5000 Leverage Platform
WikiFXPILOTFX Review: What Traders Should Know Before Depositing
WikiFXLMAX Group Review 2026: Users Report Disturbing Withdrawal Issues - Is the Broker Still Reliable?
WikiFXTrade24Seven Review: What Traders Should Know Before Depositing
WikiFXRate Calc
