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Japanese Candlesticks Analysis 05.04.2016 (EUR/USD, USD/JPY)

Analysis for April 5th, 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 that the descending correction continues. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction. The upside Window is a support level.



At the H1 chart of EUR USD, High Wave and several Doji patterns indicated a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a descending correction.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, Three Methods patterns indicate that the downtrend continues. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.



 
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