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Japanese Candlesticks Analysis 12.08.2016 (EUR/USD, USD/JPY)

Analysis for August 12th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bearish Harami, Tweezers, and Three Methods patterns indicate a descending movement. The Window in the middle is a support level. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm an ascending movement.

At the H1 chart of EUR USD, High Wave pattern showed an ascending movement. Three Line Break chart indicated a bearish direction; Heiken Ashi candlesticks confirm the ascending movement.

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, the closest Window is broken and now it’s a support level. Harami pattern indicated a pullback upwards. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.

RoboForex Analytical Department

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