Japanese Candlesticks Analysis 01.08.2016 (EUR/USD, USD/JPY)

August 1, 2016

Article By RoboForex.com

Analysis for August 1st, 2016

EUR USD, “Euro vs. US Dollar”

The H4 chart of EUR USD shows a bullish tendency. Hanging Man and Doji patterns indicate a descending movement. Three Line Break chart show a bearish direction; Heiken Ashi candlesticks confirm a possible bullish pullback.

At the H1 chart of EUR USD, Harami and Shooting Star patterns show a descending correction. The upside Window provides support. 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, the bearish tendency continues. High Wave pattern indicates an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.

RoboForex Analytical Department

Free Reports:

Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter





Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.




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.

 

 

8 years ago