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Market Analysis & Forecasts
Analysis of Japanese candlesticks for EUR/USD and USD/JPY on 12.07.2016
12.07.2016
Analysis of Japanese candlesticks on July 12, 2016
EUR USD "Euro US Dollar"
On 4 hour chart of Euro-Dollar, side correction within long black candlestick is continuing, lower Window supported, bullish Harami and Engulfing pointed out upward direction. Bearish indication is on chart of 3 lined breakage, candlesticks Heiken Ashi confirm bullish trend.
On 1 hour chart of Euro-US Dollar, lower Window supported, Harami and Turned up Hammer pointed out bullish trend, the middle window is a resistance. Bearish indication is on 3 lined breakage chart, candlesticks Heiken Ashi confirm upward trend.
USD JPY "US Dollar Yen"
On the 4 hour chart of US Dollar-Yen, bullish Hammer pointed out upward trend, lower Window is a resistance. Bullish indication is kept on the 3 lined breakage chart and candlesticks Heiken Ashi.
EUR USD "Euro US Dollar"
On 4 hour chart of Euro-Dollar, side correction within long black candlestick is continuing, lower Window supported, bullish Harami and Engulfing pointed out upward direction. Bearish indication is on chart of 3 lined breakage, candlesticks Heiken Ashi confirm bullish trend.
On 1 hour chart of Euro-US Dollar, lower Window supported, Harami and Turned up Hammer pointed out bullish trend, the middle window is a resistance. Bearish indication is on 3 lined breakage chart, candlesticks Heiken Ashi confirm upward trend.
USD JPY "US Dollar Yen"
On the 4 hour chart of US Dollar-Yen, bullish Hammer pointed out upward trend, lower Window is a resistance. Bullish indication is kept on the 3 lined breakage chart and candlesticks Heiken Ashi.
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.