Analysis of Japanese candlesticks for EUR/USD and USD/JPY on 20.07.2016
20.07.2016
Analysis of Japanese candlesticks on July 20, 2016
EUR USD "Euro to US Dollar"
Bearish trend is on 4 hour chart of Euro-US Dollar, middle Window resisted, Engulfing model pointed on downward direction. Bearish indication is on 3 lined breakage chart and Heiken Ashi candlesticks.
Bearish indication is on 1 hour chart of Euro-US Dollar, Three methods model points on downward direction. Bearish indication is kept on 3 lined breakage chart and Heiken Ashi candlesticks.
USD JPY "US Dollar to Yen"
Bullish trend is kept on 4 hour chart of US Dollar to Yen, top Window is a resistance. 3 lined breakage chart and Heiken Ashi candlesticks confirm upward direction.
EUR USD "Euro to US Dollar"
Bearish trend is on 4 hour chart of Euro-US Dollar, middle Window resisted, Engulfing model pointed on downward direction. Bearish indication is on 3 lined breakage chart and Heiken Ashi candlesticks.
Bearish indication is on 1 hour chart of Euro-US Dollar, Three methods model points on downward direction. Bearish indication is kept on 3 lined breakage chart and Heiken Ashi candlesticks.
USD JPY "US Dollar to Yen"
Bullish trend is kept on 4 hour chart of US Dollar to Yen, top Window is a resistance. 3 lined breakage chart and Heiken Ashi candlesticks confirm upward direction.
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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.