Japanese Candlesticks Analysis 01.08.2014 (EUR/USD, USD/JPY)


Analysis for August 01st , 2014

EUR USD, “Euro vs US dollar”

On H4 chart of EURUSD we can see descending trend, Morning star configuration indicates possibility of correctional move. Three-Line break and Heiken Ashi confirm bearish destination.


USD JPY, «US Dollar vs Japanese Yen»

At H4 chart of USDJPY, we can see sideways action, occurred after bearish Harami. Three methods model, Three-Line break chart and Heiken Ashi candlesticks confirm bullish destination.


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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 bears no responsibility for trading results based on trading recommendations described in these analytical reviews.