Japanese Candlesticks Analysis 16.02.2018 (EURUSD, USDJPY)

16.02.2018

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD continues growing and forming Shooting Star and Engulfing patterns from time to time. By now, the price has already updated the high. At the moment, one may assume that the instrument may continue moving upwards despite reversal patterns.

EURUSDRisk Warning: the results of previous trading operations do not guarantee the same results in the future.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see at the H4 chart, USDJPY has formed Hammer and Inverted Hammer reversal patterns, however, it is still moving downwards. Right now, one may assume that despite the above-mentioned reversal patterns and slight correction, the instrument may continue falling to update its closest lows.

USDJPYRisk Warning: the results of previous trading operations do not guarantee the same results in the future.

 

RoboForex Analytical Department

 

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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.