Japanese Candlesticks Analysis 05.08.2014 (EUR/USD, USD/JPY)

05.08.2014

Analysis for August 05th, 2014

EUR USD, “Euro vs US Dollar”

H4 chart of EURUSD we possibly see correctional phase within bearish trend, indicated by the «Morning star» formation. Three-Line break shows ascending correctional phase. Three-methods and Heiken Ashi candlesticks confirm bearish destination.


USD JPY, “US Dollar vs Japanese Yen”

H4 chart of USDJPY indicates correction after ascending trend, indicated by the bearish Harami, Doji and Tower. Three-Line break indicates ascending trend, Heiken Ashi confirm continuation of the correctional move to the downside.



 
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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.

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