Japanese Candlesticks Analysis 20.04.2018 (EURUSD, USDJPY)

20.04.2018

EURUSD, “Euro vs. US Dollar”

After rebounding from the resistance level in the H4 chart, EURUSD has formed several Hammer and Doji reversal patterns. Judging by the previous movements, at the moment it may be assumed that these patterns indicate that the pullback is over and the instrument may continue growing.

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 completed several Doji and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that the instrument may be corrected for a while again before starting a new growth.

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

 

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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.