Candlestick analysis of EUR/USD and USD/JPY for 16.07.2015

16.07.2015
Japanese candles analysis for July 16, 2015

EUR USD "Eurodollar"

Candlestick analysis of EUR/USD and USD/JPY for 16.07.2015


On the 4 hour Eurodollar chart a bearish tendency has formed, the Three methods model on the level of resistance of the lower Window is pointing down. The 3-line break graph and Heiken Ashi candles show a bearish trend.


Candlestick analysis of EUR/USD and USD/JPY for 16.07.2015

On the hourly Eurodollar chart the bearish continuation pattern of Three methods indicate a downward direction. The 3-line break graph and Heiken Ashi candles show a bearish indication.


USD JPY "Dollar Yen"

Candlestick analysis of EUR/USD and USD/JPY for 16.07.2015

On the 4-hour dollar yen graph the upper window was pushed through and is the support. The 3 line break graph and Heiken Ashi candles confirm the bullish trend.



RoboForex Analytical Department
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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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