Analysis of Japanese candlesticks for EUR/USD and USD/JPY on 13.07.2016
13.07.2016
Analysis of Japanese candlesticks on 13.07.2016
EUR USD "Euro US Dollar"
On 4 hour chart of Euro US Dollar, side correction is developed within long black candlestick, middle and lower Window support/resist, bearish Harami points on downward direction. Bearish indication is on 3 lined breakage chart and Heiken Ashi candlesticks.
On 1 hour chart of Euro US Dollar, top Window resisted, bullish Engulfing points on rollback to the top. Bearish indication is on 3 lined breakage chart and Heiken Ashi candlesticks, lower Window is a support.
USD JPY "US Dollar Yen"
Bullish indication is on 4 hour chart of US Dollar Yen, Hammer pointed on upward direction. Bullish indication is kept on the 3 lined breakage chart, Harami and Heiken Ashi candlesticks confirm bearish rollback.
EUR USD "Euro US Dollar"
On 4 hour chart of Euro US Dollar, side correction is developed within long black candlestick, middle and lower Window support/resist, bearish Harami points on downward direction. Bearish indication is on 3 lined breakage chart and Heiken Ashi candlesticks.
On 1 hour chart of Euro US Dollar, top Window resisted, bullish Engulfing points on rollback to the top. Bearish indication is on 3 lined breakage chart and Heiken Ashi candlesticks, lower Window is a support.
USD JPY "US Dollar Yen"
Bullish indication is on 4 hour chart of US Dollar Yen, Hammer pointed on upward direction. Bullish indication is kept on the 3 lined breakage chart, Harami and Heiken Ashi candlesticks confirm bearish rollback.
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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.