Analysis for April 8th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the uptrend may follow the sideways correction that is about to finish under the daily Window, which provides resistance. Bullish Hammer pattern shows an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
At the H1 chart of EUR USD, Engulfing Bullish patterns indicate an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm that the uptrend continues.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows a correction within the downtrend. Hammer pattern close to the downside Window (support level) indicated an ascending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm a bullish movement.
RoboForex Analytical Department
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