Japanese Candlesticks Analysis 12.04.2017 (EUR/USD, USD/JPY)

Article By RoboForex.com

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bullish Harami, Tweezers, and Three Methods patterns indicated an ascending correction. The downside Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm that the ascending correction continues.

At the H1 chart of EUR USD, the correction within the downtrend continues; bullish Hammer pattern indicates an ascending movement. The Windows in the middle are resistance levels. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm the ascending movement.

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USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, bullish Doji pattern indicates an ascending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.


RoboForex Analytical Department

Article By RoboForex.com

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.