Japanese Candlesticks Analysis 13.02.2018 (EURUSD, USDJPY)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, after completing several Hammer, Inverted Hammer, and Engulfing patterns, EURUSD has been corrected from the support level and formed several Shooting Star patterns, which may indicate that the price may resume falling to updates its closest lows.
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, after finishing several Doji and Engulfing patterns, USDJPY has completed the correction and started falling. Right now, one may assume that the instrument may break the low and fix below it in order to 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.