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Japanese Candlesticks Analysis 26.05.2015 (EUR/USD, USD/JPY)

Analysis for May 26th, 2015

EUR USD, “Euro vs. US Dollar”

The H4 chart of EUR USD shows a descending tendency, which continued after Engulfing Bearish pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement.



The H1 chart of EUR USD shows a bearish tendency. The lower Window is broken, now it’s a resistance level. Three Line Break chart indicates that a descending tendency continues; Heiken Ashi candlesticks confirm a bullish pullback.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, a bullish tendency continues. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement.



 
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