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Japanese Candlesticks Analysis 22.06.2016 (EUR/USD, USD/JPY)

Article By RoboForex.com

Analysis for June 22nd, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the Window in the middle provides support. Morning Star pattern indicates an ascending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm a bullish pullback.

At the H1 chart of EUR USD, bullish Harami and Belt Hold patterns indicate an ascending movement. The Window in the middle is a resistance level. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm a bullish pullback.

USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows the downtrend and the correction near the downside Window, which is indicated by Hammer patterns. Three Line Break chart and Heiken Ashi candlesticks show a bearish direction to confirm the downtrend.

RoboForex Analytical Department

Article By RoboForex.com

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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