Japanese Candlesticks Analysis 20.05.2015

May 20, 2015

EUR USD, “Euro vs. US Dollar”

The H4 chart of EUR USD shows a bearish tendency; the main trend may reverse downwards. Three Methods continuation pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending movement.

As we can see at the H1 chart of EUR USD, after forming bearish Three Methods continuation pattern, the price has broken the lower Window, which now is a support level. Three Line Break chart indicates a descending movement; bullish Harami pattern and Heiken Ashi candlesticks confirm a bullish pullback.

USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows a bullish tendency. The upper Window is broken, now it’s a support level. Shooting Star and Harami patterns indicate a possible correction; Three Line Break chart and Heiken Ashi candlesticks confirm that an ascending tendency continues.

RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

December 9, 2016
Euro slips as ECB extends QE by 9-months
The single currency was weaker after the European Central Bank decided yesterday that it would continue with its bond purchases program. The ECB extended its QE plans from March 2017 to the end of the year...
December 9, 2016
The global stock market rally
The global stock market rally, which was underpinned by further ECB stimulus measures yesterday and a rise in oil prices, continued in Asia overnight, with most markets moving higher...
December 9, 2016
Markets throw caution to the wind
Markets have thrown caution to the wind when it comes to movements as of late as once again US equities set the scene with another stellar rise, though not as big as yesterdays...

FBS Rating
OANDA Rating
XM Rating
Fort Financial Services Rating
FOREX.com Rating
FIBO Group Rating

IQ Option Rating
EZTrader Rating
Porter Finance Rating
OptionFair Rating
Beeoptions Rating
TopOption Rating