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Japanese Candlesticks Analysis 11.08.2016 (EUR/USD, USD/JPY)

Analysis for August 11th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bearish Harami and Tweezers patterns indicated a descending movement. Three Line Break chart and Heiken Ashi candlesticks show a bearish direction.

At the H1 chart of EUR USD, Tweezers, Hanging Man, and Shooting Star patterns showed a descending movement. The Window in the middle provides support. 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, the downside Window is a resistance level. Bullish Harami pattern indicates a pullback upwards. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm a possible bullish pullback.

RoboForex Analytical Department

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