Japanese Candlesticks Analysis 25.05.2017 (EUR/USD, USD/JPY)
EUR USD "Euro vs US Dollar"
On the H4-chart of EUR/USD there is a bullish trend; the Tweezers pattern suggested an upward direction, the upper Window acts as a resistance. On Three Line Break chart there is a bearish tendency, Heiken Ashi candlesticks confirm a bullish direction.
On the H1-chart of EUR/USD the bullish models Doji, Inverted Hammer, Mat Hold and Three Methods suggested an upward direction. On Three Line Break chart there is a bearish tendency, Heiken Ashi candlesticks confirm a bullish direction.
USD JPY "US Dollar"
On the H4-chart of USD/JPY the correction under the Window is still in place while the bearish Engulfment pattern suggests a downside direction. The Three-Line Break chart and Heiken Ashi show a bullish tendency, the middle Window acts as a resistance.
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.