Cookies help us deliver our services. By using our services, you agree to our use of cookies.
Learn more Got it
Dakar 2017
Roboforex is an official sponsor
of "Starikovich-Heskes Team"
at the Dakar 2017
Home / Analytics / Forex analysis & forecasts / Forex Ichimoku cloud analysis and forecast / Japanese Candlesticks Analysis 29.08.2016 (EUR/USD, USD/JPY)
Ask a question
Did not find the information you need? Ask your questions and get answers online!
Enter chat
Or enter your phone number in the form below and we will call you right away.
Call back

Japanese Candlesticks Analysis 29.08.2016 (EUR/USD, USD/JPY)


Analysis for August 29th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, Meeting Lines pattern indicates that the ascending correction continues. The upside Window provided resistance; the one in the middle may provide support. Three Line Break chart and Heiken Ashi candlesticks show a bearish direction.

At the H1 chart of EUR USD, Hammer pattern indicates that the sideways correction continues. The downside Window is a support level. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm a possible bullish pullback.

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, the downside Window provided support. Engulfing Bullish pattern indicated an ascending movement. The Window in the middle was broken; it may provide support as well. Three Line Break chart and Heiken Ashi candlesticks show a bullish direction.

RoboForex Analytical Department

Dear reader!

Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Members Area.


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.