Japanese Candlesticks Analysis 21.08.2014 (EUR/USD, USD/JPY)
21.08.2014
Analysis for August 21st, 2014
EUR USD, “Euro vs US Dollar”
The H4 chart of EUR USD shows the downtrend, which continued after Three Methods pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement.
At the H1 chart of EUR USD, a bearish tendency continues. Three Line Break chart and Heiken Ashi candlesticks confirm that a descending tendency continues.
USD JPY, “US Dollar vs Japanese Yen”
The H4 chart of USD JPY shows the uptrend. There may be bearish reversal patterns near the upper Window, which is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish movement.
RoboForex Analytical Department
Attention!
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.