Japanese Candlesticks Analysis 03.08.2016 (EUR/USD, USD/JPY)

03.08.2016

Analysis for August 3rd, 2016

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the bullish tendency continues. The upside Window provides resistance. Doji pattern indicates a descending movement. Three Line Break chart show a bearish direction; Heiken Ashi candlesticks confirm that the ascending tendency may continue.



The H1 chart of EUR USD shows the uptrend. Doji pattern indicates a possible correction. 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, the bearish tendency continues. Shooting Star pattern indicated a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.



 
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