Japanese Candlesticks Analysis 24.07.2014 (EUR/USD, USD/JPY)
24.07.2014
Analysis for July 24th, 2014
EUR USD, “Euro vs US Dollar”
At H4 chart of EUR USD, ascending correction starts below resistance level of closest Window. Three Line Break chart and Heiken Ashi candlesticks confirm bullish movement.
H1 chart of EUR USD shows ascending correction, which is indicated by Hammer pattern. Three Line Break chart and Heiken Ashi candlesticks confirm bullish movement.
USD JPY, “US Dollar vs Japanese Yen”
At H4 chart of USD JPY, closest Window is resistance level. Morning Star pattern and Three Line Break chart confirm ascending movement; Heiken Ashi candlesticks indicate possibility of bearish pullback towards support level.
At H1 chart of USD JPY, small Window is resistance level. Three Line Break chart indicates descending movement; Hammer and Tower patterns, along with Heiken Ashi candlesticks confirm bullish movement.
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.