Analysis for November 11th, 2015
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the downtrend continues. Three Line Break chart shows a descending movement; Hammer pattern and Heiken Ashi candlesticks confirm a bullish pullback.
At the H1 chart of EUR USD, the sideways correction within the downtrend continues. The small Window provides support. Three Line Break chart confirms the correction; Heiken Ashi candlesticks show a bearish direction.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows a bullish tendency. The upper Window provides resistance. The Window in the middle may provide support. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
RoboForex Analytical Department
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