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Japanese Candlesticks Analysis 16.06.2016 (EUR/USD, USD/JPY)

Analysis for June 16th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, Engulfing Bearish pattern indicates a descending movement. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a bearish pullback.



At the H1 chart of EUR USD, the closest Window provided resistance. Engulfing Bearish and Two Crows patterns indicate a descending movement. 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, Hammer pattern indicates an ascending correction. The downside Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.



 
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