USD CAD, “US Dollar vs Canadian Dollar”
At the H4 chart, the USD/CAD pair formed the horizontal channel with Hammer, Hanging Man, Engulfing, and Shooting Star reversal patterns at support and resistance levels to define its borders. After that, the price broke the channel, moved to the upside to reach 1.2800, formed another correction with Harami and Doji patterns, and then resumed growing. The closest target at 1.2925.
XAU USD, “Gold vs US Dollar”
At the H4 chart, the instrument is forming a new descending channel with Shooting Star, Engulfing, Doji, and Long-Legged Doji reversal patterns to define it borders. The instrument broke the support level at 1268.43 and then continued falling. The closest target is at 1260.65.
RoboForex Analytical Department