Analysis for March 9th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the downside Window provided resistance. Bearish Shooting Star and Harami patterns indicate that the descending tendency continues. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of EUR USD shows a bearish tendency, which started after Tweezers and Engulfing Bearish patterns. The closest Window provides resistance. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, Evening Star and Three Methods patterns indicate a descending movement. The closest Window provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
RoboForex Analytical Department
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