Candlestick analysis of EUR/USD and USD/JPY for 17.07.2015

17.07.2015
Japanese candles analysis for 17 July 2015

EUR USD "Eurodollar"

Candlestick analysis of EUR/USD and USD/JPY for 17.07.2015

On the 4-hour Eurodollar graph a bearish tendency has formed, and the Inverted hammer model points at a correction up. The 3-line break graph points at a downward direction, and the Heiken Ashi candles confirm and upward correction.


Candlestick analysis of EUR/USD and USD/JPY for 17.07.2015

On the hourly Eurodollar chart the Engulfing bullish model pointed at an upward correction. The 3-line break and the Heiken Ashi candles show a bullish indication.


USD JPY "Dollar yen"

Candlestick analysis of EUR/USD and USD/JPY for 17.07.2015

The 4-hour dollar yen chart shows a bullish tendency, and the upper Window is surpassed and acts as the support. The 3-line break chart shows a bullish direction, and the Heiken Ashi candles together with the Engulfing bearish model support the bearish 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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