Japanese Candlesticks Analysis 04.12.2018 (EURUSD, USDJPY)

04.12.2018

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is testing the resistance level again and forming Hammer, Doji, and Harami reversal patterns. Judging by the previous movements, at the moment it may be assumed that after finishing the correction the instrument may continue moving to the upside.

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 has rebounded from the resistance level once again and formed Doji and Hanging Man reversal patterns. Judging by the previous movements, at the moment it may be assumed that after completing the pullback 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.

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