XAUUSD Bearish Harami Hourly Chart
Resistance: 1743.71 strong/1749.43 moderate/1757.77 minor
Support: 1735.37 moderate/1729.65 minor/1721.31 minor
XAUUSD has a bearish bias. Although we have a Bearish Harami confirming market direction proximity to a moderate support level suggests we should wait for a close below 1735.37 before jumping short. Immediate objective for any sell-off would be 1729.65 break of which suggest a run on the market for 1721.31. Stops should be placed above the pattern high.
USDCAD Three Outside Up Hourly Chart
Resistance: 0.9920 minor/0.9981 minor
Support: 0.9886 moderate/0.9825 strong/0.9791 moderate
USDCAD has a bullish bias with Three Outside Up in Hourly charts suggesting a further push higher. As a high level pattern aggressive buys may be taken with 0.9920 as the immediate objective break of which opens the possibility of a run to 0.9981. Stop losses ideally should be placed below 0.9886. Proximity to 0.9886 would be ideal.
Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To aLook At Prices