Analysis of Japanese candlesticks for EUR/USD and USD/JPY on 22.07.2016
22.07.2016
Analysis of Japanese candlesticks on July 22, 2016
EUR USD "Euro to US Dollar"
On 4 hour chart of Euro to US Dollar, bearish trend is kept, Harami model points on upward direction. On 3 lined breakage chart is bearish indication, Heiken Ashi candlesticks confirm bullish pullback.
On 1 hour chart of Euro to US Dollar, upward correction, on which Engulfing model pointed, may be continued. Bearish indication is kept on 3 lined breakage chart, Heiken Ashi candlesticks confirm correction.
USD JPY "US Dollar Yen"
On 4 hour chart of US Dollar to Yen is bullish trend, level of middle Window resisted, bearish Harami pointed on correction to the down. 3 lined breakage chart, Heiken Ashi candlesticks and High wave point on bullish trend.
EUR USD "Euro to US Dollar"
On 4 hour chart of Euro to US Dollar, bearish trend is kept, Harami model points on upward direction. On 3 lined breakage chart is bearish indication, Heiken Ashi candlesticks confirm bullish pullback.
On 1 hour chart of Euro to US Dollar, upward correction, on which Engulfing model pointed, may be continued. Bearish indication is kept on 3 lined breakage chart, Heiken Ashi candlesticks confirm correction.
USD JPY "US Dollar Yen"
On 4 hour chart of US Dollar to Yen is bullish trend, level of middle Window resisted, bearish Harami pointed on correction to the down. 3 lined breakage chart, Heiken Ashi candlesticks and High wave point on bullish trend.
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.