Japanese Candlesticks Analysis 05.05.2015 (EUR/USD, USD/JPY)
05.05.2015
Analysis for May 5th, 2015
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows a descending movement, which is indicated by Doji Evening Star pattern. Bearish Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a bearish movement.
The H1 chart of EUR USD shows a correction within the uptrend. Three Line Break chart indicates a descending correction; Heiken Ashi candlesticks confirm a bullish pullback from Moving Average 89.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the upper Window is a resistance level. Bullish Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement.
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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.