Japanese Candlestick Analysis 30.06.2022 (EURUSD, USDJPY, EURGBP) :: InvestMacro


Article by RoboForex.com

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 diagram, the origin form a Hammer Reversal pattern near the support area. At the moment, the EURUSD may reverse as a new ascending impulse. In this case, the bullish target may be at 1.0490. However, an alternative scenario means that the price may fall to 1.0400 and continue downtrend without testing 1.0490.


Risk Warning: The result of previous trading operations does not guarantee the same results in the future

USDJPY, “US Dollar vs Japanese Yen”

As we can see in the four-hour chart, the USDJPY formed several reversal patterns not far from the resistance area, such as Doji. At the moment, the asset is reversing in the form of a new descending impulse wave. In this case, the downside target might be 135.25. At the same time, the opposite scenario indicates that the price may rise to reach 137.50 and continue to the upside without any setbacks.

US dollar / Japanese yen
Risk Warning: The result of previous trading operations does not guarantee the same results in the future

EURGBP, “Euro vs. British Pound”


Get our free MetaTrader 4 indicators – Put our free MetaTrader 4 custom indicators on your charts when you join our weekly newsletter


Get weekly commitment to traders’ reports Find out where the largest traders (hedge funds and commercial hedgers) are located in the futures markets on a weekly basis.


As we can see in the H4 chart, after forming sweeping Near the resistance zone, the EURGBP is reversing in the form of a new descending impulse wave. In this case, the bearish corrective target might be the support level 0.8580. Later, the market may test this level, bounce from it, and resume moving upwards. However, there may be an alternative scenario, according to which the asset may grow to reach 0.8660 without any corrections.

EURGBP

Article by RoboForex.com

attention!
Forecasts presented in this section only reflect the author’s own opinion and should not be considered guidelines for trading. RoboForex LP does not assume any responsibility for the trading results based on the trading recommendations described in these analytical reviews.



Source link

Add a Comment

Your email address will not be published.