Japanese Candlesticks Analysis 14.03.2018 (EURUSD, USDJPY)
EURUSD, “Euro vs. US Dollar”
After being corrected from the resistance level in the H4 chart, EURUSD has formed several Hammer and Doji reversal patterns and then returned to the level. At the moment, it may be assumed that the pair may be corrected once again before breaking the level and continuing its growth.
Risk 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 in the H4 chart, USDJPY has formed several Hammer and Inverted Hammer reversal patterns. Probably, these candlesticks indicate that after finishing the pullback, the price may start growing.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
RoboForex Analytical Department
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.