GBP USD, “Great Britain Pound vs US Dollar”
At the H4 chart, the GBP/USD pair is still falling and forming Hanging Man, Engulfing, Hammer, Doji, and Shooting Star patterns to define the borders of the descending channel. By now, the price broke the support level at 1.3100, fixed below it, and then formed several Hammer patterns, which may indicate a new correction. After that, the instrument is expected to continue falling towards the next support level at 1.3040.
USD CAD, “US Dollar vs Canadian Dollar”
At the H4 chart, the USD/CAD pair formed the ascending channel with Harami, Hammer, Doji, Engulfing, Stick Sandwich, Hanging Man, and Shooting Star reversal patterns at support and resistance levels to define its borders. The price broke the resistance level at 1.2552 and right now is still moving upwards. The upside target is the next resistance level at 1.2621.
RoboForex Analytical Department