Japanese Candlesticks Analysis 19.03.2018 (EURUSD, USDJPY)
EURUSD, “Euro vs. US Dollar”
After being corrected from the resistance level in the H4 chart, EURUSD has reached the support level and formed several Hammer and Harami reversal patterns there. At the moment, it may be assumed that these reversal patterns may once again make the pair rebound from the support level.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY has formed several Doji and Engulfing reversal patterns and reached the support level. Probably, these candlesticks indicate that the price may be corrected before starting a new decline.
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