Japanese Candlesticks Analysis 09.05.2017 (EUR/USD, USD/JPY)

May 9, 2017

Article By RoboForex.com

EUR USD, “Euro vs. US Dollar”

The H4 chart of EUR USD shows a correction within the uptrend. The upside Window is a resistance level, there are no reversal patterns. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.

At the H1 chart of EUR USD, bearish Three Methods continuation pattern indicated a descending movement. The downside Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.

 

USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows a bullish tendency. The upside Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.


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RoboForex Analytical Department

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.