Japanese Candlesticks Analysis 21.11.2018 (EURUSD, USDJPY)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD has completed the pullback from the resistance level and formed several Hammer and Doji reversal patterns. Judging by the previous movements, at the moment it may be assumed that after finishing the correction the instrument may continue moving to the upside.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY has been corrected from the resistance level; right now, it is testing the support level and forming Hammer and Engulfing reversal patterns. Judging by the previous movements, at the moment it may be assumed that after testing the level the instrument may continue its ascending tendency.
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.