Japanese Candlesticks Analysis 26.02.2018 (EURUSD, USDJPY)
EURUSD, “Euro vs. US Dollar”
In the H4 chart, EURUSD slowed down a bit near the support level and formed several Hammer and Inverted Hammer reversal patterns. At the moment, it may be assumed that after finishing the correctional flat pattern the instrument may resume growing to update its closest 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 in the H4 chart, USDJPY has completed the correction and right now is trading to the downside and forming Engulfing and Hanging Man and Harami reversal patterns. These candlesticks may indicate that the price may continue falling to update its closest lows.
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.