Japanese Candlesticks Analysis 19.06.2018 (EURUSD, USDJPY)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, after falling, EURUSD has formed another correction with several Shooting Star reversal patterns at the top. At the moment, it may be assumed that the above-mentioned pattern indicate the completion of the correction and a further descending movement.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, after falling from the resistance level, USDJPY has formed Hammer reversal pattern. Judging by the previous movement, it may be assumed that the instrument is about to start a new uptrend.
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.