Japanese Candlesticks Analysis 03.09.2018 (EURUSD, USDJPY)

3 сентября 2018 - Fx4News

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD continues growing and forming Harami and Doji reversal patterns during pullbacks. At the moment, it may be assumed that these patterns indicate that the instrument completed the correction and may continue its rising tendency.

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 rebounding from the resistance level once again, USDJPY has formed Hammer and Engulfing reversal patterns. Judging by the previous movement, it may be assumed that the instrument may complete another correction and start a new ascending tendency.

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