Japanese Candlesticks Analysis 19.08.2016 (EUR/USD, USD/JPY)

August 19, 2016

Article By RoboForex.com

Analysis for August 19th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bearish Harami pattern indicated a descending correction. The upside Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.

At the H1 chart of EUR USD, Engulfing Bearish pattern showed a descending correction within the uptrend. The upside Window is a support level. Three Methods continuation pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending movement.

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, the downtrend continues. Harami pattern indicated the correction. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm that the correction continues.

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