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Japanese Candlesticks Analysis 04.04.2016 (EUR/USD, USD/JPY)

Analysis for April 4th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the bullish tendency continues. The daily Window provides resistance. Bearish Doji pattern shows a descending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.



At the H1 chart of EUR USD, High Wave and Doji patterns indicate a descending correction. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a bearish direction.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, the downtrend continues after bearish Three Methods under the closest Window (a resistance level). Hammer pattern indicates a possible bullish pullback. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.



 
RoboForex Analytical Department

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