Japanese Candlesticks Analysis 27.03.2018 (EURUSD, USDJPY)

27.03.2018

EURUSD, “Euro vs. US Dollar”

After breaking the support level in the H4 chart, EURUSD has formed several Shooting Star and Doji reversal patterns. At the moment, it may be assumed that these candlesticks won’t be confirmed and the instrument may continue its growth to update its closest highs.

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, after breaking the support level, USDJPY has completed the correction with Shooting Star reversal pattern at the top. At the moment, it may be assumed that the correction is over.

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

 

RoboForex Analytical Department

 

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