Analysis for July 6th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, Engulfing Bearish and Shooting Star patterns showed a descending movement. The Window in the middle provided resistance. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
At the H1 chart of EUR USD, Engulfing Bullish and Inverted Hammer patterns show an ascending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm the ascending correction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, Doji pattern showed that the downtrend continues. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
RoboForex Analytical Department
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