Some of the most popular trading strategies in forex markets involve the use of Japanese Candlestick charts. Given a specific pattern in candlestick formations, traders look to buy and sell currencies in anticipation of reversal or continuations in price.

EUR/USD - Euro Dollar

1,3990. EUR USD is in an uptrend supported by 4H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The uptrend should continue to gather momentum.

Friday's candle on the US dollar index chart, provided little respite for dollar bulls as the index continued to grind lower, in an ever deepening slough of depression,

Trading a fixed currency is one of the low risk high reward ways of profiting in the forex market. Although it is not that popular among traders, a seasoned trader with good analytical skills can pocket very large profits with this method in short time provided that he is patient and only takes those opportunities which suit his expectations.

The pre-planned short positions from key resistance range levels have been implemented with the achievement of minimal anticipated target. OsMA trend indicator marks activity parity of both parties as a sign of probability of rate range movement does not clarify the choice of planning priorities for today.

The yen fell from a six-week high against the euro as stocks rose and a Japanese government official fanned speculation the central bank may seek to weaken the currency after it gained 4 percent in five days.

EUR. The pre-planned break-out variant for buyers has been implemented and the preservation of opened buying positions is “supported” by bullish activity progress at the break-out of key range resistance levels.

Though price action for the world’s reserve currency remained extraordinarily volatile this past week; the heightened activity wouldn’t translate into direction.