Japanese Candlesticks Analysis 29.08.2018 (EURUSD, USDJPY)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD continues growing and forming Inverted Hammer, Doji, and Engulfing reversal patterns during pullbacks. At the moment, it may be assumed that these patterns indicate that the instrument may continue this rising tendency.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, after rebounding from the resistance level once again, USDJPY has formed Hammer and Doji reversal patterns. Judging by the previous movement, it may be assumed that the instrument may complete another correction and start a new ascending tendency.
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