Analysis for May 6th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bullish Harami and Hammer patterns indicate an ascending correction. The daily Window in the middle of the chart provides support. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm a bullish movement.
At the H1 chart of EUR USD, Engulfing Bullish pattern indicates a bullish pullback. Three Line Break chart confirms the bearish tendency; Heiken Ashi candlesticks shows a bullish direction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, Engulfing Bullish, Three Methods, and Three White Soldiers patterns indicated an ascending correction. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a bearish pullback.
RoboForex Analytical Department
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