Article By RoboForex.com
Analysis for July 21st, 2014
EUR USD, “Euro vs US Dollar”
H4 chart of EUR USD shows correction within bearish trend. Hammer pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm ascending correction.
H1 chart of EUR USD shows sideways correction near support level from lower Window. Three Line Break chart, Evening Doji Star pattern, and Heiken Ashi candlesticks confirm descending movement.
USD JPY, “US Dollar vs Japanese Yen”
H4 chart of USD JPY shows bearish movement, which is confirmed by Tweezers pattern, Three Line Break chart, and Heiken Ashi candlesticks.
H1 chart of USD JPY shows correction within bearish trend. Candlesticks patterns are directed in different directions. Three Line Break chart indicates descending trend; and Heiken Ashi candlesticks confirm ascending movement.
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RoboForex Analytical Department
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.
