Japanese Candlesticks Analysis 25.10.2019 (EURUSD, USDJPY)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, the ascending channel continues. By now, EURUSD has completed Harami reversal pattern close to the channel’s downside border. Later, after reversing, the price may rebound and resume growing to reach 1.1206. However, one shouldn’t exclude a possibility that the price may continue falling towards 1.1081.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, after breaking the support level, USDJPY continues moving sideways. By now, it has formed Hammer reversal pattern. After completing the correction, the pair may reverse and continue growing to reach 109.14. After testing this level and finishing another pullback, the price may resume its ascending tendency.
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.