XAUUSD Bearish Harami Hourly Chart

Resistance: 1782.51 moderate/1790.30 minor/1796.38 minor 

Support: 1776.43 strong/1768.64 moderate/1762.56 minor

XAUUSD is generally bullish with the Bearish Harami occurring near a strong support level at 1776.43, the Pivot Point. As such it would be best to consider shorting only if we have a close below 1776.43 with a stop loss above the candlestick patterns high. Price target for any subsequent sell-off will be at 1768.64, possibly on to 1762.56 if the former gives way


USDCHF Bullish Engulfing Hourly Chart

Resistance: 0.9390 moderate/0.9418 minor/0.9446 minor 

Support: 0.9361 strong/0.9334 moderate/0.9305 minor

USDCHF is generally bullish though prices are just under a moderate resistance at 0.9390. With a mid level bullish candlestick pattern, Bullish Engulfing in Hourly charts, look for possible buys on a close above the said price. Immediate target is 0.9418 possibly 0.9446 on a break of the latter. A stop loss should be placed below the pattern low or alternatively just under 0.9361.

Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To Look At Prices