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Japanese Candlesticks Analysis 02.08.2016 (EUR/USD, USD/JPY)

Analysis for August 2nd, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the bullish tendency continues. The upside Window provides support. Harami pattern indicates an ascending movement. Three Line Break chart show a bearish direction; Heiken Ashi candlesticks confirm that the ascending tendency may continue.



At the H1 chart of EUR USD, Tweezers pattern shows an ascending movement. The upside Window provided support. Three Line Break chart indicates a bearish direction; Heiken Ashi candlesticks confirm that the ascending tendency continues.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, the bearish tendency continues. Shooting Star pattern indicates a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.



 
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