Japanese Candlesticks Analysis 29.07.2015 (EUR/USD, USD/JPY)
29.07.2015
Analysis for July 29th, 2015
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the Window in the middle provided resistance. Three Line Break chart shows a bullish tendency; bearish Harami pattern and Heiken Ashi candlesticks confirm a descending movement.
At the H1 chart of EUR USD, the lower level of the upper Window provided resistance. Tower pattern indicated a descending movement. Three Line Break chart shows a bullish tendency; Heiken Ashi candlesticks confirm that the descending correction continues.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the lower level of the upper Window provided support. Tower pattern and Three Line Break chart indicate a bullish movement; Heiken Ashi candlesticks confirm a bearish movement.
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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.