Japanese Candlesticks Analysis 26.11.2018 (EURUSD, USDJPY)

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is forming another pullback from the resistance level and forming Hammer, Engulfing, and Inverted Hammer 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 rebounded from the resistance level and formed Hammer, Inverted Hammer, and Engulfing reversal patterns. Judging by the previous movements, at the moment it may be assumed that the instrument may continue its ascending tendency.