Japanese Candlesticks Analysis 16.02.2018 (EURUSD, USDJPY)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD continues growing and is forming Shooting Star and Engulfing patterns from time to time. By now, the price has already updated the high. At the moment, one may assume that the instrument may continue moving upwards despite reversal patterns.
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 at the H4 chart, USDJPY has formed Hammer and Inverted Hammer reversal patterns, however, it is still moving downwards. Right now, one may assume that despite the above-mentioned reversal patterns and slight correction, the instrument may continue falling to update its closest lows.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
RoboForex Analytical Department
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