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Japanese Candlesticks Analysis 01.07.2016 (EUR/USD, USD/JPY)

Analysis for July 1st, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the correction within the Window in the middle continues. The upside border of the Window provided resistance. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction; bullish Harami pattern shows a possible bullish pullback.



At the H1 chart of EUR USD, patterns are directed in different directions. The Windows in the middle provided support/resistance. Bullish Harami pattern indicates an ascending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm that the ascending correction continues. 




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, bearish Doji pattern indicates that the downtrend continues. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.



 
RoboForex Analytical Department

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