Japanese Candlesticks Analysis 07.05.2019 (EURUSD, USDJPY)

May 7, 2019

Article By RoboForex.com

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD has rebounded from the support level and formed Harami, Hammer, Long-Legged Doji, and Inverted Hammer reversal patterns. Judging by the previous movements, at the moment it may be assumed that the instrument may resume moving to the upside.

EURUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs. Japanese Yen”


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As we can see in the H4 chart, USDJPY is testing the support level and forming Engulfing and Inverted Hammer reversal patterns. Judging by the previous movements, at the moment it may be assumed that after completing its sideways movement the instrument may continue its ascending tendency.

USDJPY

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.