Analysis of Japanese candlesticks for EUR/USD and USD/JPY on 14.07.2016
14.07.2016
Analysis of Japanese candlestick on July 14, 2016
EUR USD "Euro to US Dollar"
On 4 hour chart of Euro-US Dollar, side correction is within black candlestick, middle and lower Window support/resist, bullish Hammer points on upward correction. On 3 lined of breakage, bearish indication is kept, candlesticks Heiken Ashi confirm upward direction.
On 1 hour chart of Euro to US Dollar, middle Window resisted, bearish Engulfing and Shooting star point on pullback to the down. On 3 lined breakage chart and candlesticks Heiken Ashi - bearish indication.
USD JPY "US Dollar - Yen"
Bullish trend is on 4 hour chart of US Dollar - Yen, continuation of which was pointed by Engulfing model, Window supported. Bullish indication is kept on 3 lined breakage and candlesticks Heiken Ashi.
EUR USD "Euro to US Dollar"
On 4 hour chart of Euro-US Dollar, side correction is within black candlestick, middle and lower Window support/resist, bullish Hammer points on upward correction. On 3 lined of breakage, bearish indication is kept, candlesticks Heiken Ashi confirm upward direction.
On 1 hour chart of Euro to US Dollar, middle Window resisted, bearish Engulfing and Shooting star point on pullback to the down. On 3 lined breakage chart and candlesticks Heiken Ashi - bearish indication.
USD JPY "US Dollar - Yen"
Bullish trend is on 4 hour chart of US Dollar - Yen, continuation of which was pointed by Engulfing model, Window supported. Bullish indication is kept on 3 lined breakage and candlesticks Heiken Ashi.
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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.