Analysis for October 7th, 2015
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the Window in the middle provides support. Three Line Break chart indicates a bullish movement; bearish Tower and Doji patterns, as well as Heiken Ashi candlesticks, show a descending movement.
At the H1 chart of EUR USD, Engulfing Bearish and Belt Hold patterns, along with Three Line Break chart and Heiken Ashi candlesticks, indicate a descending movement.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, bearish Doji and Three Methods continuation pattern, along with Three Line Break chart and Heiken Ashi candlesticks, confirm a descending movement towards bullish Harami pattern.
RoboForex Analytical Department
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