Japanese Candlesticks Analysis 15.12.2017 (EUR/USD, USD/JPY)

15.12.2017

EUR USD, “Euro vs. US Dollar”

As we can see at the H4 chart, the EUR/USD pair is still forming the descending channel. By now, the price has completed several Shooting Star and Engulfing reversal patterns. These patterns indicate that the instrument may continue falling to update the closest low.

EURUSD

 

USD JPY, “US Dollar vs. Japanese Yen”

As we can see at the H4 chart, the USD/JPY pair has reached the support level and formed several Hammer and Long-Legged Doji reversal patterns. Taking into account that in the past the price rebounded from this level, we may assume that the instrument may do it again and then resume moving upwards.

USDJPY

 

RoboForex Analytical Department

 

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