Japanese Candlesticks Analysis 08.02.2018 (EURUSD, USDJPY)
EURUSD, “Euro vs. US Dollar”
In the H4 chart, EURUSD moved downwards and then formed several Hammer and Engulfing reversal patterns. At the moment, it may assumed that the correction is over and the price may continue falling to reach the support level at 1.2175..
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 is rebounding from the support level and forming Hammer patterns. Judging by previous movements, it may be assumed that the instrument may grow significantly and update its closest highs.
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.