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Japanese Candlesticks Analysis 07.07.2015 (EUR/USD, USD/JPY)

Analysis for July 7th, 2015

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bearish Harami pattern indicated that the descending tendency continues. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.



The H1 chart of EUR USD shows the downtrend, which continued after Tweezers and Three Methods patterns. Three Line Break chart and Heiken Ashi candlesticks show a bearish movement.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, candlesticks closed the new descending Window, which is a resistance/support level. Three Line Break chart shows an ascending movement; Heiken Ashi candlesticks confirm a bearish pullback.



 
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