Japanese Candlesticks Analysis 12.02.2019 (EURUSD, USDJPY)

12.02.2019

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is trading close to the support level and forming Inverted Hammer and Harami reversal patterns. Judging by the previous movements, at the moment it may be assumed that after finishing another pullback the instrument may resume moving to the downside.

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 broken the resistance level; right now, it is still trading close to it and forming Harami and Hanging Man reversal patterns. Judging by the previous movements, at the moment it may be assumed that after completing this 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.

Ask a question

Need any help? Click on the icon in the lower right corner of the page and get an answer to any your questions

Or enter your phone number in the form below and we will call you right away.

Call back
Ask a question