Japanese Candlesticks Analysis 07.08.2017 (USD/CAD, GBP/USD)

7 августа 2017 - Fx4News

USD/CAD, “US Dollar vs Canadian Dollar”

At the H4 chart of USD CAD, the uptrend continues. The price formed Harami, Engulfing, and Long-Legged Doji patterns to indicate that the ascending movement with slight corrections. The upside target is at 1.2697.

 

GBP USD, “Great Britain Pound vs. US Dollar”

At the H4 chart of GBP USD, the price is falling. The price formed Stick Sandwich and Engulfing patterns at the high, and then Engulfing and Hanging Man patterns during pullbacks. The downside target is at the support level at 1.2958.

 

RoboForex Analytical Department