Analysis for March 10th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the downside Window provided resistance once again. Bearish Shooting Star and Harami patterns indicate that the descending tendency continues. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
At the H1 chart of EUR USD, the sideways correction continues. The closest Window provides resistance. Three Methods continuation pattern shows a bearish movement. Three Line Break chart indicates a bullish direction; Heiken Ashi candlesticks confirm a descending movement.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the closest Window provided support. Tower pattern close to the Window 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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