Japanese Candlesticks Analysis 16.05.2018 (EURUSD, USDJPY)

16 мая 2018 - Fx4News

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD has reached another low and formed several Hammer reversal patterns. Judging by the previous movements, at the moment it may be assumed that the price may be corrected for a while and later continue its decline.

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 has reached another high and formed several Hanging Man and Shooting Star reversal patterns. Judging by the previous movements, at the moment it may be assumed that the instrument may be slightly corrected before resuming its growth.

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

 

RoboForex Analytical Department