Analysis for November 12th, 2015
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bearish Harami pattern indicates that the sideways correction completed and the downtrend continues. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
The H1 chart of EUR USD shows the sideways correction within the downtrend. Shooting Star and Engulfing Bearish patterns, along with Three Line Break chart and Heiken Ashi candlesticks show a bearish direction.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows a sideways correction within the uptrend. 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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