Analysis for June 1st, 2016
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows a correction within the downtrend. The closest Window provides support. Bullish Morning Star and Doji patterns indicate an ascending movement. Three Line Break chart shows the downtrend; Heiken Ashi candlesticks confirm the ascending correction.
At the H1 chart of EUR USD, the downside Window provided support. Bullish Doji and Harami patterns indicate an ascending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm the ascending correction. The closest Window is a resistance level.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, Engulfing Bearish and Gravestone Doji patterns indicated a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
RoboForex Analytical Department
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