Analysis for August 12th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bearish Harami, Tweezers, and Three Methods patterns indicate a descending movement. The Window in the middle is a support level. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm an ascending movement.
At the H1 chart of EUR USD, High Wave pattern showed an ascending movement. Three Line Break chart indicated a bearish direction; Heiken Ashi candlesticks confirm the ascending movement.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the closest Window is broken and now it’s a support level. Harami pattern indicated a pullback upwards. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
RoboForex Analytical Department
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