Japanese Candlesticks Analysis 25.04.2018 (EURUSD, USDJPY)
EURUSD, “Euro vs. US Dollar”
After falling towards the support level in the H4 chart, EURUSD has formed several Hammer and Harami reversal patterns there. Judging by the previous movements, at the moment it may be assumed that the price may be slightly corrected before starting a new descending movement.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY has reached the resistance level and formed several Shooting Star and Hanging Man reversal patterns below it. At the moment, it may be assumed that these patterns indicated a slight correction, after which the instrument may start a new growth.
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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.