Japanese Candlesticks Analysis 24.05.2018 (EURUSD, USDJPY)

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD has reached another low and formed several Hammer, Inverted Hammer, and Doji reversal patterns. Judging by the previous movements, at the moment it may be assumed that the price is starting another correction, which may later ne followed by a new decline.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is being corrected towards the support level and forming Hammer reversal patterns. Judging by the previous movements, at the moment it may be assumed that the instrument may form several reversal patterns during this correction and then resume its growth.

RoboForex Analytical Department