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Japanese Candlesticks Analysis 22.06.2018 (EURUSD, USDJPY)

22 june 2018 - Fx4News

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, after falling, EURUSD has formed another correction with several Shooting Star and Hanging Man reversal patterns at the top. At the moment, it may be assumed that the above-mentioned patterns indicate the completion of the correction and a further descending movement.

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, after falling from the resistance level once again, USDJPY has formed several Hammer reversal pattern. Judging by the previous movement, it may be assumed that the instrument is about to finish falling and start a new uptrend.

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

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