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ToolsPartnersAbout usJapanese Candlesticks Analysis 20.05.2016 (EUR/USD, USD/JPY)
20.05.2016Analysis for May 20th, 2016
At the H4 chart of EUR USD, bearish Three Methods continuation pattern indicated a descending movement. The downside Window provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction; Harami pattern indicates a possible bullish pullback.
EUR USD, “Euro vs. US Dollar”
At the H1 chart of EUR USD, the sideways correction continues. Engulfing Bullish pattern indicates a bullish pullback. Three Line Break chart shows the ascending correction; Heiken Ashi candlesticks confirm a possible bearish pullback.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the bullish tendency continues. Bearish Doji and Tower patterns show a possible bearish pullback. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
RoboForex Analytical DepartmentAttention!Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.