Analysis for November 11th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bearish Three Methods continuation pattern indicates a descending movement. Three Line Break chart and Heiken Ashi candlesticks shows a bullish direction and a correction.
At the H1 chart of EUR USD, bullish Tweezers pattern indicated a correction. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a bearish direction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, bearish Tweezers and Harami patterns indicate a descending movement. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm the descending movement.
RoboForex Analytical Department
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