Japanese Candlestick Analysis 27.07.2017 (USDJPY, NZDUSD)
27.07.2017
USDJPY
US dollar keeps declining against other currencies. The H4-chart shows that after being corrected, the pair continues to move lower, and this is confirmed by Harami, Shooting Star and Engulfing patterns.
NZDUSD
The Hammer, Engulfing, Tweezers, Inverted Hammer and Long-Legged Doji confirm the rising tendency. After a correction move the pair will move further towards a resistance level 0.7613.
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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.