Japanese Candlesticks Analysis 05.02.2018 (EURUSD, USDJPY)
EURUSD, “Euro vs. US Dollar”
After finishing a significant correction, EURUSD continues forming a lot of Hammer and Inverted Hammers patterns and updating the lows. At the moment, it may assumed that price may reverse to resume growing and reach new highs.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see at the H4 chart, USDJPY pair has reached the resistance level and formed several Hanging Man and Doji reversal patterns. Judging by previous movements, it may be assumed that the instrument is about to complete the correction and continue falling.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
RoboForex Analytical Department
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.