Japanese Candlesticks Analysis 08.07.2016 (EUR/USD, USD/JPY)

July 8, 2016

Article By RoboForex.com

Analysis for July 8th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bullish Hammer pattern showed the correction. The downside Window provides support. Three Line Break chart indicates a bearish direction; Heiken Ashi candlesticks confirm that the ascending correction may yet continue.

At the H1 chart of EUR USD, bearish Doji pattern near the Window in the middle shows a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.

USD JPY, “US Dollar vs. Japanese Yen”

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

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