RoboForex - Analytics

RoboForex

916.00 5.50/10
77% of positive reviews
Real
How to join the service?

Japanese Candlesticks Analysis 02.05.2016 (EUR/USD, USD/JPY)

Analysis for May 2nd, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the price is moving above the daily Window. Deliberation pattern indicates a descending movement, but it hasn’t been confirmed by a bearish candlestick. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.



At the H1 chart of EUR USD, bullish Three Methods continuation pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, bearish Three Methods continuation pattern indicates a descending movement. The downside Window was broken downwards; now it’s a resistance level. Three Line Break chart and Heiken Ashi candlesticks show a bearish direction.



 
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 Members Area.


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