Japanese candles analysis for 17 July 2015
EUR USD "Eurodollar"
On the 4-hour Eurodollar graph a bearish tendency has formed, and the Inverted hammer model points at a correction up. The 3-line break graph points at a downward direction, and the Heiken Ashi candles confirm and upward correction.
On the hourly Eurodollar chart the Engulfing bullish model pointed at an upward correction. The 3-line break and the Heiken Ashi candles show a bullish indication.
USD JPY "Dollar yen"
The 4-hour dollar yen chart shows a bullish tendency, and the upper Window is surpassed and acts as the support. The 3-line break chart shows a bullish direction, and the Heiken Ashi candles together with the Engulfing bearish model support the bearish pullback.
EUR USD "Eurodollar"
On the 4-hour Eurodollar graph a bearish tendency has formed, and the Inverted hammer model points at a correction up. The 3-line break graph points at a downward direction, and the Heiken Ashi candles confirm and upward correction.
On the hourly Eurodollar chart the Engulfing bullish model pointed at an upward correction. The 3-line break and the Heiken Ashi candles show a bullish indication.
USD JPY "Dollar yen"
The 4-hour dollar yen chart shows a bullish tendency, and the upper Window is surpassed and acts as the support. The 3-line break chart shows a bullish direction, and the Heiken Ashi candles together with the Engulfing bearish model support the bearish pullback.
RoboForex Analytical Department
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