USD CAD, “US Dollar vs Canadian Dollar”
At the H4 chart, the USD/CAD pair continues growing and forming the ascending channel with Long-Legged Doji, Hammer, Doji, Harami, and Engulfing reversal patterns at support and resistance levels to define its borders. After finishing another correction from 1.23500, the pair returned to this level and fixed above it. Then there was one more pullback with Engulfing pattern and right now the price is growing towards the next resistance level at 1.24555.
XAU USD, “Gold vs US Dollar”
As we can see at the H4 chart, the instrument continues forming the descending channel with Gap, Engulfing, Shooting Star, Doji, Hammer, and Inverted Hammer patterns to define its borders. The price reached the support level at 1290.50, where it formed Long-Legged Doji and Engulfing patterns, and then finished another correction towards 1313.00 and returned to the support level. If the price breaks it, it may move to reach the next support level at 1282.00.
RoboForex Analytical Department