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Japanese Candlesticks Analysis 11.08.2016 (EUR/USD, USD/JPY)

Article By RoboForex.com

Analysis for August 11th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bearish Harami and Tweezers patterns indicated a descending movement. Three Line Break chart and Heiken Ashi candlesticks show a bearish direction.

At the H1 chart of EUR USD, Tweezers, Hanging Man, and Shooting Star patterns showed a descending movement. The Window in the middle provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, the downside Window is a resistance level. Bullish Harami pattern indicates a pullback upwards. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm a possible bullish pullback.

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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