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