Japanese Candlesticks Analysis 27.06.2018 (EURUSD, USDJPY)

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, after falling, EURUSD has started another growth with slight pullbacks and Hammer, Engulfing, and Doji reversal patterns. At the moment, it may be assumed that the above-mentioned patterns indicate that the instrument may continue its ascending movement.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, after falling from the resistance level once again, USDJPY has formed several Hammer and Inverted Hammer reversal patterns. Judging by the previous movement, it may be assumed that the instrument is about to finish falling and start a new uptrend.