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Forex analysis & forecasts

Japanese Candlesticks Analysis 21.04.2017 (EUR/USD, USD/JPY)

21.04.2017

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bearish Harami pattern indicated a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction. 

At the H1 chart of EUR USD, Shooting Star pattern shows a descending movement. The upside Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.

 

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, bearish Doji patterns indicate a descending movement. The downside Window is a support level. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm the descending movement.

 

RoboForex Analytical Department

 

Attention!

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.