Analysis for October 10th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, Side-by-side White Lines pattern indicates that the bullish tendency continues. Harami pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a bearish pullback.
At the H1 chart of EUR USD, Engulfing Bearish and Tweezers patterns indicate a descending correction. The upside Window is a support level. 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, bearish Shooting Star pattern indicated a descending correction; bullish Tweezers pattern shows an ascending movement. Three Line Break chart indicates a bearish direction; Heiken Ashi candlesticks confirm the ascending movement.
RoboForex Analytical Department
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