Japanese Candlestick Analysis for EURUSD and USDJPY: 19.09.2018
EURUSD
On H4, the pair is rising and has reach yet another resistance where it is forming reversal patterns, such as the engulfing pattern, dodji, and harami. These candlestick patterns signal a correction is going to happen before the uptrend continues.
USDJPY
On H4, the pair is rising and testing another resistance, at the same time forming reversal patterns, such as dodji, engulfing pattern, and falling star. By analyzing the previous moves, one can assume USDJPY may start forming a new uptrend after a pullback.
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.