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Japanese Candlesticks Analysis 05.07.2016 (EUR/USD, USD/JPY)

Analysis for July 5th, 2016

EUR USD, “Euro vs. US Dollar”

The H4 chart of EUR USD shows an ascending correction. The Window in the middle provides resistance. Three Line Break chart confirms a bearish direction; Heiken Ashi candlesticks indicate a possible bullish pullback.

At the H1 chart of EUR USD, bullish Tower pattern near the Window in the middle shows an ascending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm an ascending movement. 

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, the downtrend continues. Doji pattern showed a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.

RoboForex Analytical Department

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