Japanese Candlesticks Analysis 08.08.2016 (EUR/USD, USD/JPY)

August 8, 2016

Article By RoboForex.com

Analysis for August 8th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the bearish tendency may yet continue. Engulfing and Harami patterns indicate a descending movement. The downside Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.

At the H1 chart of EUR USD, Harami patterns show an ascending movement. The downside Window provided support. Three Line Break chart indicates a bearish direction; Heiken Ashi candlesticks confirm an ascending movement.

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, Engulfing Bullish and Harami patterns indicated an ascending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish 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