USD CAD, “US Dollar vs Canadian Dollar”
At the H4 chart, the USD/CAD pair is forming the ascending channel with Harami, Engulfing, Hammer, Shooting Star, and Doji reversal patterns to define its borders. By now, the price has been corrected towards the support level and formed Doji pattern there. After breaking 1.2925, the instrument is expected to continue growing to reach 1.2975.
GBP USD, “Great Britain Pound vs US Dollar”
At the H4 chart, the GBP/USD pair continues falling and forming Shooting Star, Engulfing, Long-Legged Doji, Hammer, and Harami reversal patterns at support and resistance levels to define the borders of the descending channel. By now, the price has completed another correction and formed Engulfing pattern. The downside target is the support level at 1.3080.
RoboForex Analytical Department