Japanese Candlesticks Analysis 11.08.2014 (EUR/USD, USD/JPY)

August 11, 2014

Article By RoboForex.com

Analysis for August 11th, 2014

EUR USD, “Euro vs US Dollar”

The H4 chart of EUR USD shows a correction within downtrend. Lower Window is a support level. Three Line Break chart indicates downtrend; Heiken Ashi candlesticks confirm bullish movement.

The H1 chart of EUR USD shows a bullish tendency. Three Line Break chart indicates ascending movement; Heiken Ashi candlesticks confirm bearish pullback.

USD JPY, “US Dollar vs Japanese Yen”

The H4 chart of USD JPY shows support from the closest Window, which is near Hammer and Morning Star patterns. Three Line Break chart indicates the general downtrend; Heiken Ashi candlesticks confirm bullish pullback.

RoboForex Analytical Department

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Article By RoboForex.com

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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.

 

 

 

 

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