Japanese Candlesticks Analysis 04.08.2014 (EUR/USD, USD/JPY)

04.08.2014

Analysis for August 04th, 2014

EUR USD, “Euro vs US Dollar”

At H4 chart of EURUSD, we possibly see correctional phase within bearish trend, which was indicated by the «Morning Star» configuration. Three-Line break and Heiken Ashi candlesticks confirm ascending destination.


USD JPY, “US Dollar vs Japanese Yen”

H4 chart of USDJPY indicates correction after ascending trend, indicated by bullish Harami. Three-Line break and Heiken Ashi candlesticks confirm bullish pullback.


 

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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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