Japanese Candlesticks Analysis 05.07.2016 (EUR/USD, USD/JPY)

July 5, 2016

Article By RoboForex.com

Analysis for July 5th, 2016

EUR USD, “Euro vs. US Dollar”

The H4 chart of EUR USD shows an ascending correction. The Window in the middle provides resistance. Three Line Break chart confirms a bearish direction; Heiken Ashi candlesticks indicate a possible bullish pullback.

At the H1 chart of EUR USD, bullish Tower pattern near the Window in the middle shows an ascending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm an ascending movement.

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, the downtrend continues. Doji pattern showed a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.

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.

 

 

8 years ago