Japanese Candlesticks Analysis 08.08.2014 (EUR/USD, USD/JPY)


Analysis for August 08th, 2014

EUR USD, “Euro vs US Dollar”

At H4 chart of EURUSD we possibly see sideways correctional move within descending trend, lower Window is providing support, Tower 19.06 is considered to be a resistance. Three-Line break and Heiken Ashi candlesticks confirm bearish tendency.

At H1 chart of EURUSD, we see correction within descending trend. Three-Line break indicates bearish trend, Heiken Ashi candlesticks confirm ascending pullback.

USD JPY, “US Dollar vs Japanese Yen”

At H4 chart of USDJPY, bearish tendency was continued after Harami. Three-Line break and Heiken Ashi candlesticks confirm downtrend.

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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.