Japanese Candlesticks Analysis 09.06.2016 (EUR/USD, USD/JPY)
09.06.2016
Analysis for June 9th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bearish Tower pattern at the daily Window indicates a descending movement. Three Line Break chart and Heiken Ashi candlesticks shows a bearish direction.
At the H1 chart of EUR USD, bearish Evening Star pattern showed a descending movement. The upside Window provides resistance. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows a bearish tendency. The price is moving under the Windows. Three Methods pattern indicates a descending movement. The downside Window provides resistance. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
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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 bears no responsibility for trading results based on trading recommendations described in these analytical reviews.