Japanese Candlesticks Analysis 31.01.2018 (EUR/USD, USD/JPY)
EUR USD, “Euro vs. US Dollar”
The EUR/USD pair has finished a significant correction and formed several Hammer reversal patterns. At the moment, we may assume that price may continue growing to update its closest highs despite reversal patterns.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future.
USD JPY, “US Dollar vs. Japanese Yen”
As we can see at the H4 chart, the USD/JPY pair is still being corrected and has already formed several Hammer and Inverted Hammer reversal patterns. Judging by previous movements, we may assume that the instrument may continue falling despite the above-mentioned reversal signals.
Risk Warning: the result 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.