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Japanese Candlesticks Analysis 28.07.2015 (EUR/USD, USD/JPY)

Analysis for July 28th, 2015

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the Window in the middle is a resistance level. Three Line Break chart shows a bullish tendency; bearish Harami pattern and Heiken Ashi candlesticks confirm a descending movement.

At the H1 chart of EUR USD, the upper Window is a resistance level. Evening Star Doji pattern indicates a descending movement. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm that the descending correction continues.

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, the upper Window provided support. Tower pattern indicates an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish movement.

RoboForex Analytical Department

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