Japanese Candlesticks Analysis 31.07.2015 (EUR/USD, USD/JPY)
31.07.2015
Analysis for July 31st, 2015
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bullish Harami pattern indicated an ascending movement. The lower Window is a resistance level. Three Line Break chart indicates a bearish movement; Heiken Ashi candlesticks confirm a bullish pullback.
At the H1 chart of EUR USD, bullish Three Methods continuation pattern indicated an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish movement.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, bullish Three Methods continuation pattern indicated an ascending movement. Doji Evening Star pattern and Three Line Break chart show a bearish movement; Heiken Ashi candlesticks confirm a bullish pullback.
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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.