Analysis of Japanese candlesticks for EUR/USD and USD/JPY on 21.07.2016
21.07.2016
Analysis of Japanese candlesticks on July 21, 2016
EUR USD "Euro to US Dollar"
Bearish trend is on 4 hour chart of Euro-US Dollar, Hammer and Inverted Hammer models pointed on upward direction. Bearish indication is on 3 lined breakage chart, Heiken Ashi candlesticks confirm bullish rollback.
Correction to the top is on 1 hour chart of Euro-US Dollar, that was pointed by Hammer and Three methods models. Bearish indication is on 3 lined breakage chart, Heiken Ashi candlesticks confirm upward direction.
USD JPY "US Dollar to Yen"
On 4 hour chart of US Dollar to Yen, level of middle Window resisted, bearish Harami pointed on downward direction. 3 lined breakage chart and Heiken Ashi candlesticks confirm bearish trend.
EUR USD "Euro to US Dollar"
Bearish trend is on 4 hour chart of Euro-US Dollar, Hammer and Inverted Hammer models pointed on upward direction. Bearish indication is on 3 lined breakage chart, Heiken Ashi candlesticks confirm bullish rollback.
Correction to the top is on 1 hour chart of Euro-US Dollar, that was pointed by Hammer and Three methods models. Bearish indication is on 3 lined breakage chart, Heiken Ashi candlesticks confirm upward direction.
USD JPY "US Dollar to Yen"
On 4 hour chart of US Dollar to Yen, level of middle Window resisted, bearish Harami pointed on downward direction. 3 lined breakage chart and Heiken Ashi candlesticks confirm bearish 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.