USD CAD, “US Dollar vs Canadian Dollar”
At the H4 chart, the USD/CAD pair continues forming the ascending channel with Harami, Engulfing, Hammer, Shooting Star, and Doji reversal patterns to define its borders. Right now, the price is still being corrected with Doji and Hammer patterns. 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 near the resistance level at 1.3210 and formed Stick Sandwich pattern. The downside target is the support level at 1.3080.
RoboForex Analytical Department