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Japanese Candlesticks Analysis 01.07.2015 (EUR/USD, USD/JPY)

Analysis for July 1st, 2015

EUR USD, “Euro vs. US Dollar”

As we can see at the H4 chart of EUR USD, the upper Window is a resistance level. The price has closed the new descending Window, which now provides support. Three Line Break chart shows a bullish movement; Shooting Star and Engulfing Bearish patterns, along with Heiken Ashi candlesticks, confirm a bearish pullback.

The H1 chart of EUR USD shows a bearish tendency. Three Line Break chart indicates a descending movement; Heiken Ashi candlesticks confirm a bullish pullback.

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, we can see that the new descending Window is still open. Belt Hold pattern indicates an ascending movement; Three Line Break and Heiken Ashi candlesticks confirm a bullish movement.

RoboForex Analytical Department

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