Japanese Candlesticks Analysis 25.09.2017 (USD/CAD, GBP/USD)

25.09.2017

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 formed Doji pattern. Later, the instrument is expected to break the level and then continue growing towards the resistance level at 1.24555.

 

GBP USD, “Great Britain Pound vs US Dollar”

At the H4 chart, the GBP/USD pair formed Harami, Engulfing, Hammer, Doji, and Shooting Star patterns to define the borders of the ascending channel. By now, the price has broken the support level, started moving sideways, and formed Doji, Shooting Star, Engulfing, and Hanging Man patterns at support and resistance levels. If the pair breaks the resistance level, it may continue growing towards 1.38000.

 

RoboForex Analytical Department

 

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