Japanese Candlestick Analysis for EURUSD and USDJPY: 18/3/2019

18.03.2019

EURUSD

On H4, the pair has reached yet another resistance where it is forming reversal patterns: the hanging man and the falling star. By analyzing the previous moves, one can assume EURUSD may start forming a new uptrend after a correction.

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

USDJPY

On H4, the pair is trading within the resistance area and is forming reversal patterns, such as the handing man, the falling star, and the harami. By analyzing the previous moves, one can assume USDJPY may start forming a new uptrend after a correction.

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

Attention!

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.