Analysis for October 12th, 2015
EUR USD, “Euro vs. US Dollar”
As we can see at the H4 chart of EUR USD, Three Methods continuation pattern indicated an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
At the H1 chart of EUR USD, bearish Harami pattern turned out to be weaker than the support provided by the upper Window. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the closest Window provided resistance. High Wave pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending movement.
RoboForex Analytical Department
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