Japanese Candlesticks Analysis 31.07.2014 (EUR/USD, USD/JPY)

31.07.2014

Analysis for July 31st, 2014

EUR USD, “Euro vs US Dollar”

H4 chart of EUR USD shows downtrend continuation. Morning star pattern indicates the beginning of correction. Three Line Break chart indicates descending trend. Heiken Ashi candlesticks confirm the possibility of ascending correction.


 
H1 chart of EUR USD shows downtrend. Tower pattern indicates correction. Three Line Break chart indicates descending trend and Heiken Ashi candlesticks confirm the bullish tendency.

 
 


USD JPY, “US Dollar vs Japanese Yen”

At H4 chart of USD JPY, we can see bullish tendency. Harami indicates pullback to the downside. Three Line Break chart and Heiken Ashi candlesticks confirm ascending movement.



H1 chart of USD JPY shows ascending trend. The nearest to the price Window is the resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm ascending movement.




RoboForex Analytical Department
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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.