Japanese Candlesticks Analysis 17.12.2018 (EURUSD, USDJPY)

17.12.2018

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is still testing the support level and forming Hammer, Engulfing, and Doji reversal patterns. Judging by the previous movements, at the moment it may be assumed that after testing the level the instrument may continue moving to the upside.

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 is once again testing the resistance level and forming Engulfing, Shooting Star, Hanging Man, and Doji reversal patterns. Judging by the previous movements, at the moment it may be assumed that after completing the pullback the instrument may continue its ascending tendency.

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

Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.

The material presented and the information contained herein is intended for our customers, and is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.