Japanese Candlesticks Analysis 13.07.2018 (EURUSD, USDJPY)

13.07.2018

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD continues growing and forming slight pullbacks from time to time with Hammer and Inverted Hammer reversal patterns. Judging by the previous movement, it may be assumed that the instrument may complete another pullback and then continue its ascending movement.

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, after breaking the resistance level, USDJPY is once again being corrected and forming Hanging Man and Shooting Star reversal patterns. Judging by the previous movement, it may be assumed that the instrument may finish this pullback soon and then continue trading to the upside.

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.