#1621
XAUUSD, “Gold vs US Dollarâ€
As we can see in the H4 chart, the ascending tendency continues. By now, after completing several reversal patterns, including Hammer, close to the support level, XAUUSD has reversed. At the moment, the pair is correcting. After completing this slight pullback, the price may grow towards 1491.50. At the same time, we shouldn’t exclude an opposite scenario, which implies that the instrument may continue falling towards 1455.50.
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#1622
EURUSD, “Euro vs. US Dollarâ€
As we can see in the H4 chart, after completing a quick ascending structure and breaking the descending channel, EURUSD has formed Hanging Man reversal pattern; right now, it is trading close to the horizontal resistance level. We may assume that later the price may reverse and get back to 1.1065 to resume the descending tendency. However, one shouldn’t exclude a possibility that the price may continue growing towards 1.1133.
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#1623
XAUUSD, “Gold vs US Dollarâ€
As we can see in the H4 chart, the ascending tendency continues. After completing several reversal patterns, including Inverted Hammer, close to the channel’s downside, XAUUSD is trying to reverse. In this case, the upside target may be at 1481.00. At the same time, we shouldn’t exclude an opposite scenario, which implies that the instrument may continue falling towards 1455.50.
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#1624
EURUSD, “Euro vs. US Dollarâ€
As we can see in the H4 chart, after completing a quick ascending structure and expanding the descending channel’s borders, EURUSD is still trading close to the resistance level; by now, the pair has reversed after forming Hanging Man pattern. We may assume that later the price may test the resistance level and get back to 1.1055 to resume the descending tendency. However, one shouldn’t exclude a possibility that the price may continue growing towards 1.1133.
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#1625
USDCAD, “US Dollar vs Canadian Dollarâ€
As we can see in the H4 chart, the pair continues forming another descending wave. By now, it has completed Hammer reversal pattern. The current situation implies that after reversing USDCAD may form a slight correction and then continue falling towards 1.3132. However, we shouldn’t ignore an alternative scenario, according to which the instrument may grow to return to 1.3235.
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#1626
EURUSD, “Euro vs. US Dollarâ€
As we can see in the H4 chart, the ascending channel continues. Aby now, EURUSD has formed Harami reversal pattern close to the channel’s downside border. We may assume that later the price may test the support level and get back to 1.1155 to continue the ascending tendency. However, one shouldn’t exclude a possibility that the price may continue falling towards 1.1055.
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#1627
USDCAD, “US Dollar vs Canadian Dollarâ€
As we can see in the H4 chart, the pair continues forming another descending wave. By now, it has reversed after completing Hammer pattern. The current situation implies that USDCAD may rebound from the channel’s upside border and then resume falling towards 1.3070. However, we shouldn’t ignore an alternative scenario, according to which the instrument may grow to return to 1.3192.
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#1628
XAUUSD, “Gold vs US Dollarâ€
As we can see in the H4 chart, the ascending tendency continues. After breaking the rising channel’s upside border, XAUUSD has formed Hanging Man reversal pattern. Right now, the downside target may be at 1491.50. At the same time, we shouldn’t exclude an opposite scenario, which implies that the instrument may continue trading upwards to reach 1523.00.
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#1629
USDCAD, “US Dollar vs Canadian Dollarâ€
As we can see in the H4 chart, the pair continues moving close to the support level. By now, it has completed Inverted Hammer reversal pattern. The current situation implies that USDCAD may form a slight correction then resume falling towards 1.3025. However, we shouldn’t ignore an alternative scenario, according to which the instrument may return to the descending channel’s upside border at 1.3141.
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#1630
EURUSD, “Euro vs. US Dollarâ€
As we can see in the H4 chart, the ascending channel continues. By now, EURUSD has formed several reversal candlestick patterns, including Hammer, close to the channel’s downside border. We may assume that later the price may reverse and get back to 1.1180 to continue the ascending tendency. However, one shouldn’t exclude a possibility that the price may resume falling towards 1.1070.
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