Japanese Candlesticks Analysis 12.02.2019 (EURUSD, USDJPY)
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.
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.
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.