Japanese Candlesticks Analysis 15.01.2018 (EUR/USD, USD/JPY)

15.01.2018

EUR USD, “Euro vs. US Dollar”

At the H4 chart, the EUR/USD pair continues growing. By now, the price has completed several Shooting Star reversal patterns. However, these patterns haven’t resulted in a reverse, that’s why we may assume that in the future reversal patterns will force nothing but slight pullbacks.

EURUSD

 

USD JPY, “US Dollar vs. Japanese Yen”

As we can see at the H4 chart, the USD/JPY pair is still moving downwards. By now, it has formed Hammer pattern, which may be followed by a new correction. After that, the instrument may continue falling.

USDJPY

 

RoboForex Analytical Department

 

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.