Japanese Candlesticks Analysis 07.08.2014 (EUR/USD, USD/JPY)

07.08.2014

Analysis for August 07th, 2014

EUR USD, “Euro vs US Dollar”

At H4 chart of EURUSD we possibly see descending trend, lower Window is providing support. Three-Line break indicates downtrend. Bullish engulfing pattern and Heiken Ashi candlesticks confirm ascending correctional move.



At H1 chart of EURUSD we see correctional move within descending trend, indicated by Morning Star formation. Three-Line break and Heiken Ashi confirm bullish destination.


USD JPY, “US Dollar vs Japanese Yen”

At H4 chart of USDJPY we can see decline. Three-Line break and Heiken Ashi candlesticks confirm descending trend, Hammer indicates ascending correctional move.




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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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