Japanese Candlesticks Analysis 24.06.2014 (EUR/USD, USD/JPY)


Analysis for June 24th, 2014

EUR USD, “Euro vs US Dollar”

At H4 chart of EURUSD we see descending move after bearish tweezers. Three-Line break shows descending trend, bullish Harami and Heiken Ashi candlesticks confirm ascending correction.

At H1 chart of EURUSD trend is going up, upper Window is considered to be a resistance. Three-Line break shows descending correctional move, bullish engulfing pattern and Heiken Ashi candlesticks confirm ascending trend continuation.

USD JPY, “US Dollar vs Japanese Yen”

H4 chart of USDJPY indicates sideways action, candlectick patterns are ambiguous, lower Window has provided support. Three-Line break indicates continuation of sideways action, Heiken Ashi indicate ascending impulse.

At H1 chart, support provided from lower Window has the shape of bullish tweezers. Three-Line break and Heiken Ashi candlesticks confirm ascending trend.

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