Japanese Candlesticks Analysis 07.05.2015 (EUR/USD, USD/JPY)
07.05.2015
Analysis for May 7th, 2015
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows a bullish tendency, which continued after Three Methods pattern. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of EUR USD shows the uptrend. The closest Window provides support. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows a descending movement, which is indicated by bearish Tower pattern near the upper Window. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish 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.