Analysis of Japanese candlesticks for EUR/USD and USD/JPY on 15.07.2016
15.07.2016
Analysis of Japanese candlesticks on July 15, 2016
EUR USD "Euro US Dollar"
On 4 hour chart of Euro-UD Dollar, side correction is developed within black candlesticks, middle and lower Window support/resist, bullish Hammer points on upward direction. Bearish indication is on 3 lined breakage, candlesticks Heiken Ashi confirm upward direction.
On 1 hour chart of Euro-US Dollar, bullsih indication is kept, top Window resists, bullsih Engulfing pointed on upward direction. Bearish indication is on 3 lined breakage, candlesticks Heiken Ashi confirm continuation of upward direction.
USD JPY "US Dollar to Yen"
On 4 hour chart of US Dollar-Yen, bullish Engulfing pointed on continuation of upward trend, lower Window supported, middle Window is a resistance. Bullish indication is kept on 3 lined breakage chart and Heiken Ashi candlesticks.
EUR USD "Euro US Dollar"
On 4 hour chart of Euro-UD Dollar, side correction is developed within black candlesticks, middle and lower Window support/resist, bullish Hammer points on upward direction. Bearish indication is on 3 lined breakage, candlesticks Heiken Ashi confirm upward direction.
On 1 hour chart of Euro-US Dollar, bullsih indication is kept, top Window resists, bullsih Engulfing pointed on upward direction. Bearish indication is on 3 lined breakage, candlesticks Heiken Ashi confirm continuation of upward direction.
USD JPY "US Dollar to Yen"
On 4 hour chart of US Dollar-Yen, bullish Engulfing pointed on continuation of upward trend, lower Window supported, middle Window is a resistance. Bullish indication is kept on 3 lined breakage chart and Heiken Ashi candlesticks.
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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.