Analysis for November 10th, 2015
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the downtrend, which is indicated by Three Methods pattern, continues. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
The H1 chart of EUR USD shows a sideways correction within the downtrend. Bearish Harami pattern, Three Line Break chart, and Heiken Ashi candlesticks shows a bearish direction; Doji pattern may provide support.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows a bullish tendency. The upper Window provides resistance. Hanging Man pattern indicates a descending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
RoboForex Analytical Department
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