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Japanese Candlesticks Analysis 02.06.2016 (EUR/USD, USD/JPY)

02.06.2016

Analysis for June 2nd, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the correction within the downtrend continues. The downside Window provided support. Bullish Morning Star and Doji patterns indicated an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.



The H1 chart of EUR USD shows a bullish tendency. The upside Window provided support. Bullish Doji and Harami patterns indicated an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction; Evening Star pattern indicates a possible bearish pullback.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, Engulfing Bearish, Gravestone Doji, and Tower patterns indicated a descending movement. The upside Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.



 
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