Japanese Candlesticks Analysis 15.10.2018 (EURUSD, USDJPY)

15.10.2018

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD continues the pullback from the support level; right now, it is forming Hammer, Doji, and Engulfing reversal patterns. Judging by the previous movements, at the moment it may be assumed that these patterns indicate another correction before the instrument starts a new uptrend.

EURUSD
Risk Warning: the result 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 is still testing the support level and forming Doji, Hammer, and Inverted Hammer reversal patterns. Judging by the previous movements, at the moment it may be assumed that after completing the correction, the instrument may continue its ascending tendency.

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

Attention!

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.