Analysis for September 4th, 2015
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the descending correction continues. The Window in the middle provides support. Bearish Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of EUR USD shows a bearish tendency. The lower Window provided support. Three Line Break chart indicates a descending tendency; High Wave pattern and Heiken Ashi candlesticks confirm a bullish pullback.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the bearish tendency continues after Harami and Hanging Man patterns near the lower Window. Three Line Break chart and Heiken Ashi candlesticks indicate a bearish movement.
RoboForex Analytical Department