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Japanese Candlesticks Analysis 13.11.2018 (EURUSD, USDJPY)

13 november 2018 - Fx4News

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is testing another support level and forming Hammer, Harami, and Inverted Hammer reversal patterns. Judging by the previous movements, at the moment it may be assumed that after finishing the pullback the instrument will continue trading downwards.

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, USDJPY is still testing the resistance level and forming Hanging Man, Doji, and Shooting Star reversal patterns. Judging by the previous movements, at the moment it may be assumed that after testing the level the instrument may continue its ascending tendency.

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

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