Article By RoboForex.com
USD CAD, “US Dollar vs Canadian Dollar”
The USD continues strengthening against the Canadian Dollar. At the H4 chart, the USD/CAD pair formed the ascending channel with Harami, Hammer, Doji, and Engulfing reversal patterns at support and resistance levels to define its borders. The par failed to reach the resistance level at 1.2552 during the previous trading session; it stopped at 1.2525 and formed Engulfing, Doji, and Stick Sandwich patterns. The upside target is still at 1.2552.
USD JPY, “US Dollar vs. Japanese Yen”
The USD is getting more expensive against the Japanese Yen. At the H4 chart, the pair formed the ascending channel with Hammer, Harami, Shooting Star, Doji, and Engulfing reversal patterns at support and resistance levels to define its borders. The upside target is at 114.00.
RoboForex Analytical Department
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Article By RoboForex.com
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
