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Analysis of Japanese candlesticks for EUR/USD and USD/JPY on 12.07.2016

Analysis of Japanese candlesticks on July 12, 2016

EUR USD "Euro US Dollar"


Analysis of Japanese candlesticks for EUR/USD and USD/JPY on 12.07.2016

On 4 hour chart of Euro-Dollar, side correction within long black candlestick is continuing, lower Window supported, bullish Harami and Engulfing pointed out upward direction. Bearish indication is on chart of 3 lined breakage, candlesticks Heiken Ashi confirm bullish trend.


Analysis of Japanese candlesticks for EUR/USD and USD/JPY on 12.07.2016

On 1 hour chart of Euro-US Dollar, lower Window supported, Harami and Turned up Hammer pointed out bullish trend, the middle window is a resistance. Bearish indication is on 3 lined breakage chart, candlesticks Heiken Ashi confirm upward trend.


USD JPY "US Dollar Yen"

Analysis of Japanese candlesticks for EUR/USD and USD/JPY on 12.07.2016

On the 4 hour chart of US Dollar-Yen, bullish Hammer pointed out upward trend, lower Window is a resistance. Bullish indication is kept on the 3 lined breakage chart and candlesticks Heiken Ashi.

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