Analysis for April 11th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the correction under the daily Window (a resistance level) continues. Bullish Hammer pattern shows an ascending movement. Three Line Break chart confirms a bullish direction; Heiken Ashi candlesticks indicate a possible bearish pullback.
At the H1 chart of EUR USD, Engulfing Bearish, Shooting Star, and Belt Hold patterns indicate a descending movement. Bullish Harami pattern shows a possible pullback upwards. Three Line Break chart indicates a bullish direction; Heiken Ashi candlesticks confirm the descending movement.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the Window in the middle provides support. Bullish Hammer and Tweezers patterns show an ascending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
RoboForex Analytical Department
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