Japanese Candlesticks Analysis 26.08.2015

August 26, 2015

EUR USD, “Euro vs. US Dollar”

The H4 chart of EUR USD show a correction within the uptrend. Shooting Stat and bearish Harami patterns, along with Three Line Break chart and Heiken Ashi candlesticks, confirm a descending movement.

At the H1 chart of EUR USD, Engulfing Bearish pattern indicates that the descending correction continues. The upper Window provides support. Three Line Break chart confirms the correction; Heiken Ashi candlesticks show a bullish pullback.

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, Hammer pattern indicated an ascending correction. The lower Window provides resistance. Three Line Break chart shows a bearish tendency; Heiken Ashi candlesticks confirm the ascending correction.

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