Japanese Candlesticks Analysis 17.04.2018 (EURUSD, USDJPY)

Article By RoboForex.com

EURUSD, “Euro vs. US Dollar”

After reaching the resistance level in the H4 chart, EURUSD has formed several Doji, Harami, and Long-Legged Doji reversal patterns there. Judging by the previous movements, at the moment it may be assumed that these pattern won’t make the price reverse and the instrument will continue growing towards the next resistance level.

EURUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

USDJPY, “US Dollar vs. Japanese Yen”


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As we can see in the H4 chart, after finishing another correction towards the support level, USDJPY has completed several Doji and Hammer reversal patterns. Judging by the previous movements, it may be assumed that the pullback is over and the instrument may continue growing.

USDJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

RoboForex Analytical Department

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.