RoboForex - Analytics

RoboForex

872.75 5.25/10
79% of positive reviews
Real
How to join the service?

Japanese Candlesticks Analysis 05.08.2015 (EUR/USD, USD/JPY)

Analysis for August 5th, 2015

EUR USD, “Euro vs. US Dollar”

As we can see at the H4 chart of EUR USD, the downtrend continues. Earlier, the correction reached the Window in the middle and Harami pattern. Three Line Break chart and Heiken Ashi candlesticks indicate a bearish movement.



The H1 chart of EUR USD shows the downtrend. The lower Window provided resistance. Doji candlesticks prevented the sideways correction from leaving Three Methods continuation pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement.




USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows the uptrend. Hammer pattern indicated an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish movement.



 
RoboForex Analytical Department

Dear reader!

Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Live Account.


To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree