Analysis of Japanese candlesticks for EUR/USD and USD/JPY on 18.07.2016
18.07.2016
Analysis of Japanese candlesticks on July 18, 2016
EUR USD "Euro to US Dollar"
On 4 hour chart of Euro-US Dollar, correction is within black candlestick, the middle window resisted, Engulfing model pointed on bearish resistance. Bearish indication confirms downward trend on 3 lined breakage chart and Heiken Ashi candlesticks.
Bearish trend is on 1 hour chart of Euro-US Dollar, lower window supported, Cross Harami model points on rollback to the top. Bearish indication is on 3 lined breakage chart and Heiken Ashi candlesticks.
USD JPY "US Dollar-Yen"
On 4 hour chart of US Dollar-Yen, lower Window supported, top Window is a resistance. Bearish indication is on 3 lined breakage chart, Harami and Heiken Ashi candlesticks confirm upward trend.
EUR USD "Euro to US Dollar"
On 4 hour chart of Euro-US Dollar, correction is within black candlestick, the middle window resisted, Engulfing model pointed on bearish resistance. Bearish indication confirms downward trend on 3 lined breakage chart and Heiken Ashi candlesticks.
Bearish trend is on 1 hour chart of Euro-US Dollar, lower window supported, Cross Harami model points on rollback to the top. Bearish indication is on 3 lined breakage chart and Heiken Ashi candlesticks.
USD JPY "US Dollar-Yen"
On 4 hour chart of US Dollar-Yen, lower Window supported, top Window is a resistance. Bearish indication is on 3 lined breakage chart, Harami and Heiken Ashi candlesticks confirm upward trend.
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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.