Japanese Candlesticks Analysis 31.10.2018 (EURUSD, USDJPY)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD has reached the support level once again and right now is forming another correction with Hammer and Doji reversal patterns. Judging by the previous movements, at the moment it may be assumed that these patterns won’t conform the reverse again and the instrument will continue trading downwards.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY is testing the resistance level and forming Doji and Shooting Star reversal patterns. Judging by the previous movements, at the moment it may be assumed that after completing the correction, the instrument may continue its ascending tendency.
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