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Japanese Candlesticks Analysis 01.07.2016 (EUR/USD, USD/JPY)

Article By RoboForex.com

Analysis for July 1st, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the correction within the Window in the middle continues. The upside border of the Window provided resistance. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction; bullish Harami pattern shows a possible bullish pullback.

At the H1 chart of EUR USD, patterns are directed in different directions. The Windows in the middle provided support/resistance. Bullish Harami pattern indicates an ascending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm that the ascending correction continues.

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, bearish Doji pattern indicates that the downtrend continues. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.

RoboForex Analytical Department

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

 

 

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About Louie Lewis

Louie Lewis
Successful forex trading starts with you first. Then comes the actual strategies and techniques. I have been involved with forex and forex trading for a few years now. It is a wonderful way to build wealth. The learning never stops and I want to help others along their journey into this wonderful market of opportunity.

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