Analysis for June 8th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bearish Harami pattern indicates a sideways correction. Three Line Break chart and Heiken Ashi candlesticks shows a bullish direction, thus confirming an ascending movement towards resistance from the daily Window.
The H1 chart of EUR USD shows the correction below the upside Window. Engulfing Bullish pattern indicates an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, Morning Star Doji pattern indicated a descending movement. The closest Windows provide support/resistance. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
RoboForex Analytical Department
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