Analysis for August 3rd, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the bullish tendency continues. The upside Window provides resistance. Doji pattern indicates a descending movement. Three Line Break chart show a bearish direction; Heiken Ashi candlesticks confirm that the ascending tendency may continue.
The H1 chart of EUR USD shows the uptrend. Doji pattern indicates a possible correction. 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. Shooting Star pattern indicated a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
RoboForex Analytical Department
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