Japanese Candlesticks Analysis 26.05.2015 (EUR/USD, USD/JPY)
26.05.2015
Analysis for May 26th, 2015
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows a descending tendency, which continued after Engulfing Bearish pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement.
The H1 chart of EUR USD shows a bearish tendency. The lower Window is broken, now it’s a resistance level. Three Line Break chart indicates that a descending tendency continues; Heiken Ashi candlesticks confirm a bullish pullback.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, a bullish tendency continues. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement.
RoboForex Analytical Department
Attention!
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.