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Japanese Candlesticks Analysis 08.06.2015 (EUR/USD, USD/JPY)

Analysis for June 8th, 2015

EUR USD, “Euro vs. US Dollar”

The H4 chart of EUR USD shows a bearish tendency, which is indicated by Harami pattern. The closest Window is broken, now it’s a resistance level. Three Line Break chart indicates a bearish tendency; Heiken Ashi candlesticks confirm a bullish pullback.

The H1 chart of EUR USD shows a sideways correction. The upper Window provides support. Engulfing Bearish pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending movement.

USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows the uptrend. Three Methods continuation pattern indicates that the uptrend continues. Three Line Break chart shows an ascending movement; Heiken Ashi candlesticks confirm a possible bearish pullback.

RoboForex Analytical Department

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