Japanese Candlestick Analysis for 09.08.2021
EURUSD, "Euro vs US Dollar"
On H4, near the support level, the pair has formed several reversal patterns, including a Hammer. Going by the patterns, the quotations might start growing to the aim of 1.1800. After a bounce off the resistance level, the quotations might continue declining. However, they might just head for 1.1710 without a pullback to the resistance level at all.
USDJPY, "US Dollar vs Japanese Yen"
On H4, at a pullback from the resistance level, the pair has formed several reversal patterns, including a Harami. Going by the signals, the pair might end up falling deeper -- to 109.35. However it might skip the signals and continue the uptrend to 110.70.
EURGBP, "Euro vs Great Britain Pound"
On H4, near the support level, the pair has formed several reversal patterns, including a Hammer. Following the signals from the patterns might result in a correctional impulse. The aim of the pullback is 0.8535. Bouncing off the resistance level, the quotations might return to the downtrend. However, they might still drop to 0.8450, skipping the signals right away.
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.