USD/CAD, “US Dollar vs Canadian Dollar”
At the H4 chart of USD CAD, the price formed Engulfing and Shooting Star patterns to conform the descending tendency. After the correction, the pair completed Hanging Man and Harami patterns, which means that the downtrend may continue. The closest target is the support level at 1.2300.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the price formed Shooting Star, Harami, Engulfing, and Hanging Man patterns, which means that the descending tendency may yet continue. Possibly, the price may continue falling and reach the support level at 109.31.
RoboForex Analytical Department