Japanese Candlesticks Analysis 01.03.2018 (EURUSD, USDJPY)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, after updating its closest low, EURUSD has formed several Hammer and Doji reversal patterns. At the moment, it may be assumed that the instrument may be corrected for a while before continuing its decline.
Risk Warning: the results 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 failing to break the support level, USDJPY has formed Hammer and Doji patterns. These candlesticks may indicate that the price may rebound and then resume growing towards the resistance level at 108.60.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
RoboForex Analytical Department
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