Japanese Candlesticks Analysis 21.08.2018 (EURUSD, USDJPY)

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD continues growing and forming Inverted Hammer, Hammer, Doji, and Engulfing reversal patterns during pullbacks. At the moment, it may be assumed that these patterns indicate a new rising tendency.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is testing the support level and forming Inverted Hammer, Hammer, and Engulfing reversal patterns. Judging by the previous movement, it may be assumed that the instrument may complete the correction and start a new ascending tendency.