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Japanese Candlesticks Analysis 27.08.2015 (EUR/USD, USD/JPY)

Analysis for August 27th, 2015

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, Three Methods pattern shows that the correction within the uptrend continues and that the price may break the upper Window downwards. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement.

At the H1 chart of EUR USD, Doji pattern near the upper Window indicated a bearish movement. The Window in the middle provides support. 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, Hammer pattern indicated an ascending correction. The closest Window provides resistance. Three Line Break chart shows a bearish tendency; Heiken Ashi candlesticks confirm the ascending correction.

RoboForex Analytical Department

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