Analysis for November 9th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the upside Window provided resistance, the one in the middle is a support level. Harami pattern indicates a correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
At the H1 chart of EUR USD, the downside Window provided support. Bearish Doji pattern close to the upside Window, which is a resistance level, indicated a descending movement. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm the descending movement.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, Hanging Man pattern indicated a descending movement. The Window in the middle is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
RoboForex Analytical Department
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