Japanese Candlesticks Analysis 27.04.2017 (EUR/USD, USD/JPY)

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the new Window to the upside is still open and provides support. Bearish Tower pattern indicates a descending correction. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a bearish pullback towards support from the new Window. 

At the H1 chart of EUR USD, bearish Shooting Star patterns indicate that the descending correction continues. The upside Window provided support. Three Line Break chart and Heiken Ashi candlesticks indicate a bearish direction.

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, bullish Harami pattern indicates an ascending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm the ascending movement.

RoboForex Analytical Department