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Japanese Candlesticks Analysis 15.05.2019 (EURUSD, USDJPY)

15 may 2019 - Fx4News

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, after rebounding from the support level, EURUSD is trading upwards and forming Engulfing, Hammer, and Inverted Hammer reversal patterns during pullbacks. Judging by the previous movements, at the moment it may be assumed that the instrument may continue moving to the upside with slight corrections.

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 trading near the support level and forming Hammer, Doji, and Inverted Hammer 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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