Candlestick analysis of EUR/USD and USD/JPY for 16.07.2015
16.07.2015
Japanese candles analysis for July 16, 2015
EUR USD "Eurodollar"
On the 4 hour Eurodollar chart a bearish tendency has formed, the Three methods model on the level of resistance of the lower Window is pointing down. The 3-line break graph and Heiken Ashi candles show a bearish trend.
On the hourly Eurodollar chart the bearish continuation pattern of Three methods indicate a downward direction. The 3-line break graph and Heiken Ashi candles show a bearish indication.
USD JPY "Dollar Yen"
On the 4-hour dollar yen graph the upper window was pushed through and is the support. The 3 line break graph and Heiken Ashi candles confirm the bullish trend.
EUR USD "Eurodollar"
On the 4 hour Eurodollar chart a bearish tendency has formed, the Three methods model on the level of resistance of the lower Window is pointing down. The 3-line break graph and Heiken Ashi candles show a bearish trend.
On the hourly Eurodollar chart the bearish continuation pattern of Three methods indicate a downward direction. The 3-line break graph and Heiken Ashi candles show a bearish indication.
USD JPY "Dollar Yen"
On the 4-hour dollar yen graph the upper window was pushed through and is the support. The 3 line break graph and Heiken Ashi candles confirm the bullish trend.
RoboForex Analytical Department
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.