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Japanese Candlesticks Analysis 04.06.2015 (EUR/USD, USD/JPY)

Analysis for June 4th, 2015

EUR USD, “Euro vs. US Dollar”

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

The H1 chart of EUR USD shows a bullish tendency. Engulfing Bearish pattern indicates a correction. The upper Window provides support. Harami pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a bullish tendency.

USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows a correction within the uptrend, which started after Tower and Shooting Star patterns. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish correction.

RoboForex Analytical Department

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