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Japanese Candlesticks Analysis 13.08.2015 (EUR/USD, USD/JPY)

Analysis for August 13th, 2015

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the upper Window provided resistance. Harami and Shooting Star patterns show a descending movement. The lower level of the Window in the middle provides support. Three Line Break chart indicates a bullish movement; Heiken Ashi candlesticks confirm the correction.

At the H1 chart of EUR USD, Evening Star pattern near the closest Window showed a bearish correction. Three Methods continuation patterns, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending movement.

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, Shooting Star and Tower patterns indicated that the descending correction within the uptrend. Three Line Break chart shows the correction; Heiken Ashi candlesticks confirm a bullish pullback.

RoboForex Analytical Department

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