Analysis of Japanese candlesticks for EUR/USD and USD/JPY on 19.07.2016
19.07.2016
Analysis of Japanese candlesticks on July 19, 2016
EUR USD "Euro US Dollar"
On 4 hour chart of Euro to US Dollar, there is correction within black candlestick, middle Window resists, Harami model points on rollback to the top. Chart of 3 lined breakage and Heiken Ashi candlesticks confirm downward trend.
On 1 hour chart of Euro to US Dollar, there is correction within middle Window. On 3 lined breakage chart and Heiken Ashi candlesticks, bearish indication is kept, lower level of middle Window supports.
USD JPY "US Dollar to Yen"
On 4 hour chart of US Dollar to Yen, there is bullish trend, top Window is resistance. 3 lined breakage chart and Heiken Ashi candlesticks confirm upward direction.
EUR USD "Euro US Dollar"
On 4 hour chart of Euro to US Dollar, there is correction within black candlestick, middle Window resists, Harami model points on rollback to the top. Chart of 3 lined breakage and Heiken Ashi candlesticks confirm downward trend.
On 1 hour chart of Euro to US Dollar, there is correction within middle Window. On 3 lined breakage chart and Heiken Ashi candlesticks, bearish indication is kept, lower level of middle Window supports.
USD JPY "US Dollar to Yen"
On 4 hour chart of US Dollar to Yen, there is bullish trend, top Window is resistance. 3 lined breakage chart and Heiken Ashi candlesticks confirm upward direction.
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.