Japanese Candlesticks Analysis 06.07.2016 (EUR/USD, USD/JPY)

July 6, 2016

Article By RoboForex.com

Analysis for July 6th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, Engulfing Bearish and Shooting Star patterns showed a descending movement. The Window in the middle provided resistance. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.

At the H1 chart of EUR USD, Engulfing Bullish and Inverted Hammer patterns show an ascending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm the ascending correction.

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, Doji pattern showed that the downtrend continues. 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