Japanese Candlesticks Analysis 02.08.2012 (EUR/USD, USD/JPY)
02.08.2012
Analysis for August 2nd, 2012
EUR/USD
The H4 chart of the EUR/USD currency pair shows a sideways tendency on the descending trend. After forming Dark Cloud pattern, the price started moving downwards and may continue falling down, up to the closest Window. Three Line Break and Heiken Ashi candlesticks charts indicate a bullish pullback.
The H1 chart of the EUR/USD currency pair shows a sideways tendency. Shooting Star pattern indicates that the price is moving downwards again. Three Line Break chart confirms a descending movement, Heiken Ashi candlesticks indicate a bullish pullback.
USD/JPY
The H4 chart of the USD/JPY currency pair shows a bearish tendency on the descending trend. After forming Morning Star pattern, the price started the correction which may be supported by the Window 2012.06.18. Three Line Break chart confirms a descending movement, Heiken Ashi candlesticks indicate a bullish pullback.
The H1 chart of the USD/JPY currency pair shows a bullish tendency on the sideways trend. After forming Harami pattern, the price started the correction which may continue up to the Window 2012.06.18. Three Line Break chart confirms a descending movement, Heiken Ashi candlesticks indicate a bullish pullback.
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.