Analysis for October 6th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, Engulfing Bearish pattern indicated a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
At the H1 chart of EUR USD, Hammer pattern indicates a pullback upwards. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm an ascending movement.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the bullish tendency continues. Candlesticks are bullish; the upside Window is a resistance level. Three Methods continuation pattern indicated an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm the ascending movement.
RoboForex Analytical Department
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