Japanese Candlesticks Analysis 10.01.2018 (EUR/USD, USD/JPY)

10.01.2018

EUR USD, “Euro vs. US Dollar”

At the H4 chart, the EUR/USD pair continues falling. By now, the price has completed a slight correction with Hanging Man and Engulfing patterns at the top. These patterns may indicate that the correction is over and the instrument may continue trading to the downside.

EURUSD

 

USD JPY, “US Dollar vs. Japanese Yen”

As we can see at the H4 chart, the USD/JPY pair is moving downwards and forming slight corrections with reversal patterns at their tops. We may assume that the price is starting a new downtrend.

USDJPY

 

RoboForex Analytical Department

 

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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.