Analysis for April 6th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the sideways correction continues under the Window, which provides resistance. Bearish Doji and Harami patterns show that the descending correction continues. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction. The upside Window is a support level.
At the H1 chart of EUR USD, Harami and several Doji patterns indicated a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction; bullish Harami pattern shows a possible pullback upwards.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows the downtrend. Three Methods continuation patterns indicated a descending movement. Three Line Break chart confirms a bearish direction; Heiken Ashi candlesticks show a possible bullish pullback.
RoboForex Analytical Department
Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Members Area.