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Japanese Candlesticks Analysis 29.04.2015 (EUR/USD, USD/JPY)

Analysis for April 29th, 2015

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, Hanging Man pattern indicates a descending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish movement.

The H1 chart of EUR USD shows a sideways correction within the uptrend. The upper Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.

USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows a bearish tendency. The lower Window provides support. Three Line Break chart along with Heiken Ashi candlesticks confirm a descending movement.

RoboForex Analytical Department

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