Analysis for October 1st, 2015<
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the lower Window provides support. Hammer pattern and Three Line Break chart indicate a bullish movement; Heiken Ashi candlesticks confirm a descending movement.
At the H1 chart of EUR USD, the lower Window provides support. Three Line Break chart shows an ascending movement; Heiken Ashi candlesticks confirm that the bearish tendency continues.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the correction within the downtrend continues. The closest Window provides resistance. Engulfing Bullish and Harami patterns, along with Three Line Break chart Heiken Ashi candlesticks confirm an ascending movement.
RoboForex Analytical Department
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