Analysis for August 1st, 2016
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows a bullish tendency. Hanging Man and Doji patterns indicate a descending movement. Three Line Break chart show a bearish direction; Heiken Ashi candlesticks confirm a possible bullish pullback.
At the H1 chart of EUR USD, Harami and Shooting Star patterns show a descending correction. The upside Window provides support. 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. High Wave pattern indicates an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
RoboForex Analytical Department
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