Japanese Candlesticks Analysis 11.05.2016 (EUR/USD, USD/JPY)

May 11, 2016

Article By RoboForex.com

Analysis for May 11th, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, bearish Three Line Strike pattern indicates a descending movement. The daily Window provides resistance. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.

At the H1 chart of EUR USD, the bearish tendency continues. Engulfing Bearish pattern indicates a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, bullish Three Methods pattern indicates an ascending movement. The Window in the middle provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.

RoboForex Analytical Department

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Article By RoboForex.com

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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

 

 

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