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Japanese Candlesticks Analysis 17.06.2016 (EUR/USD, USD/JPY)

Analysis for June 17th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the downside Window provided support. Bearish Harami pattern indicates a descending movement. The Window in the middle was broken and now it’s a support level. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm a bullish pullback.



At the H1 chart of EUR USD, the downside Window provided support. Engulfing Bullish pattern indicates an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction; there might be a bearish pullback from Moving Averages.




USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows a bearish tendency. Hammer pattern indicated an ascending correction. The downside Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.



 
RoboForex Analytical Department

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