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Japanese Candlesticks Analysis 12.10.2017 (USD/CAD, GOLD)

Article By RoboForex.com

USD CAD, “US Dollar vs Canadian Dollar”

At the H4 chart, the USD/CAD pair formed the ascending channel with Hammer, Doji, Engulfing, and Shooting Star reversal patterns at support and resistance levels to define its borders. By now, the price has broken the downside border and at the moment is moving towards the support level at 1.2427. Later, the instrument is expected to break it and continue falling.

USDCAD

XAU USD, “Gold vs US Dollar”

At the H4 chart, the instrument completed its descending movement and started forming the ascending channel with Engulfing, Shooting Star, and Inverted Hammer patterns at the support and resistance level to define its borders. The upside target is the resistance level at 1311.37.

GOLD

 

RoboForex Analytical Department

Article By RoboForex.com

Attention!
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.

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About Louie Lewis

Louie Lewis
Successful forex trading starts with you first. Then comes the actual strategies and techniques. I have been involved with forex and forex trading for a few years now. It is a wonderful way to build wealth. The learning never stops and I want to help others along their journey into this wonderful market of opportunity.

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