Japanese Candlesticks Analysis 18.05.2016 (EUR/USD, USD/JPY)
18.05.2016
Analysis for May 18th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the bearish tendency continues. Harami pattern indicated a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction; the closest Window provides support.
The H1 chart of EUR USD shows the bearish tendency. The closest Window may provide resistance. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement; Inverted Hammer pattern indicates a possible bullish pullback towards the downside Window, which provides resistance.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the bullish tendency continues. The Window in the middle provided support. Three Line Break chart shows a bearish direction; Inverted Hammer pattern and Heiken Ashi candlesticks confirm an ascending movement.
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