Analysis for June 6th, 2016
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows a bullish tendency. Bearish Harami pattern indicates a descending correction. Three Line Break chart shows a bullish direction, which confirms that the ascending tendency continues.
The H1 chart of EUR USD shows a sideways correction. The Window in the middle provides support. Bearish Harami pattern indicates a descending movement. 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, bullish Doji pattern indicated an ascending correction. The Window in the middle is a resistance level. Three Line Break chart shows a descending tendency; Heiken Ashi candlesticks confirm a bullish correction.
RoboForex Analytical Department
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