Japanese Candlesticks Analysis 21.05.2018 (EURUSD, USDJPY)

21.05.2018

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD has reached another low and formed several Hammer and Doji reversal patterns. Judging by the previous movements, at the moment it may be assumed that the price may be corrected once again and later continue its decline.

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 reached another high and formed several Shooting Star reversal patterns. Judging by the previous movements, at the moment it may be assumed that the instrument may be slightly corrected before resuming its growth.

USDJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

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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.