Japanese Candlesticks Analysis 31.07.2018 (EURUSD, USDJPY)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD has reached the resistance level once again and formed several Hanging Man and Harami reversal patterns there. At the moment, it may be assumed that the instrument is being corrected before starting another ascending movement.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY is still trading close to the support level and forming Doji and Engulfing reversal patterns. Judging by the previous movement, it may be assumed that the instrument may complete its sideways movement soon and rebound from the support level.
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.
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