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Japanese Candlesticks Analysis 06.05.2015 (EUR/USD, USD/JPY)

Analysis for May 6th, 2015

EUR USD, “Euro vs. US Dollar”

The H4 chart of EUR USD shows a bullish tendency. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement.



The H1 chart of EUR USD shows the uptrend. The closest Window provides support. Three Line Break chart indicates an ascending correction; bearish Harami pattern and Heiken Ashi candlesticks confirm a bearish pullback.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, the upper Window is a resistance level. Bullish Tower pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending movement.



 
RoboForex Analytical Department

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