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Japanese Candlesticks Analysis 14.04.2016 (EUR/USD, USD/JPY)

14.04.2016

Analysis for April 14th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the daily Window provided resistance; Shooting Star and Engulfing Bearish patterns near the Window indicated a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm that the descending correction continues. Hammer pattern close to the Window in the middle shows a bullish pullback.



At the H1 chart of EUR USD, Three Methods continuation pattern indicated a descending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm a bullish pullback.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, the Window in the middle provided support. Bullish patterns near the Window indicated an ascending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction. The price may form Three Line Strike continuation pattern; the ascending correction may continue.



 
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