Japanese Candlesticks Analysis 31.08.2016 (EUR/USD, USD/JPY)

August 31, 2016

Article By RoboForex.com

Analysis for August 31st, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bullish Hammer and Doji patterns indicate a possible correction. The upside border of the middle Window provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.

The H1 chart of EUR USD shows the bearish tendency. Bullish Inverted Hammer pattern indicates an ascending correction. 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 Window in the middle provided support. Bullish Doji pattern indicated an ascending movement. 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