Article By RoboForex.com
USD/CAD
After the US Dollar declined, many currency pairs got momentum. The Canadian dollar joined them. The Engulfing and Doji models suggest further decline of the price. The nearest target for this downside move is breakout of the support level 1.2619.
GBP/USD
The H4-chart shows the pair reached a resistance level, the first Shooting Star triggered a rebound while yet another Shooting Star suggests further decline of the pair. The support level 1.3050 is the potential target for the price.
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.
