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Japanese Candlesticks Analysis 30.05.2016 (EUR/USD, USD/JPY)

30.05.2016

Analysis for May 30th, 2016

EUR USD, “Euro vs. US Dollar”

The H4 chart of EUR USD shows an ascending movement, which is indicated by bullish Morning Star pattern near support from the closest Window. Three Line Break chart indicates a descending movement; Heiken Ashi candlesticks confirm an ascending correction.



At the H1 chart of EUR USD, Tweezers and Tower patterns indicate an ascending movement. The upside Window provides resistance. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.




USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, the bullish tendency continues. Harami, Hammer, and Three White Soldiers patterns indicated an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction; bearish Gravestone Doji pattern indicates a possible bearish pullback.



 
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