Analysis for November 5th, 2015
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows a bearish tendency, which is indicated by Three Methods continuation pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
The H1 chart of EUR USD also shows a bearish tendency. Harami pattern indicates a descending movement. Three Line Break chart shows a possible ascending correction; Heiken Ashi candlesticks confirm a bearish direction.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows a bullish tendency. Three Methods continuation pattern indicates an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
RoboForex Analytical Department
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