Japanese Candlesticks Analysis 20.04.2017 (EUR/USD, USD/JPY)

Article By RoboForex.com

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the Window in the middle provided support. Candlesticks are bullish; there are no reversal patterns right now. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.

At the H1 chart of EUR USD, there are no reversal patterns. The Window in the middle provided support; the upside one is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.


Get our Weekly Commitment of Traders Report: - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.




Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter






 

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, the sideways correction continues. Bearish Doji patterns indicate a pullback to the downside. The downside Window provided support. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending correction.

 

RoboForex Analytical Department

Article By RoboForex.com

Attention!
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.