{"id":153013,"date":"2019-08-07T09:15:45","date_gmt":"2019-08-07T13:15:45","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=153013"},"modified":"2019-08-07T07:44:18","modified_gmt":"2019-08-07T11:44:18","slug":"japanese-candlesticks-analysis-07-08-2019-eurusd-usdjpy","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/08\/japanese-candlesticks-analysis-07-08-2019-eurusd-usdjpy\/","title":{"rendered":"Japanese Candlesticks Analysis 07.08.2019 (EURUSD, USDJPY)"},"content":{"rendered":"
August 7, 2019<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

EURUSD, \u201cEuro vs. US Dollar\u201d<\/strong><\/p>\n

As we can see in the H4 chart, EURUSD is testing the descending channel\u2019s upside border and forming several reversal patterns, including Engulfing<\/em>. At the moment, we may assume that despite the fundamental background the price may reverse and fall towards 1.1112 to continue forming the descending channel. However, one shouldn\u2019t exclude a possibility that the price may break the resistance level and continue growing towards 1.1276.<\/p>\n

\"EURUSD\"
\n\"Risk<\/p>\n

USDJPY, \u201cUS Dollar vs. Japanese Yen\u201d<\/strong><\/p>\n

As we can see in the H4 chart, the ascending tendency continues. After breaking the channel\u2019s downside border and forming Hammer <\/em>reversal pattern close to the support level, USDJPY has completed a slight pullback. Right now, the pair is testing the level again. Judging by the previous movements, it may be assumed that after testing the horizontal support line the price may resume trading upwards to reach 107.25. However, we shouldn\u2019t ignore a possibility that the instrument may break the support line, update the low at 105.51, and continue its decline.<\/p>\n

\"USDJPY\"
\n\"Risk<\/p>\n

Article By RoboForex.com<\/u><\/a><\/strong><\/p>

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Attention!<\/strong>
\nForecasts presented in this section only reflect the author\u2019s 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

Article By RoboForex.com EURUSD, \u201cEuro vs. US Dollar\u201d As we can see in the H4 chart, EURUSD is testing the descending channel\u2019s upside border and forming several reversal patterns, including Engulfing. At the moment, we may assume that despite the fundamental background the price may reverse and fall towards 1.1112 to continue forming the descending […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-153013","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/153013","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=153013"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/153013\/revisions"}],"predecessor-version":[{"id":153017,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/153013\/revisions\/153017"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=153013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=153013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=153013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}