Weekly Analysis, March 14th – 18th 2016
EUR USD, “Euro vs. US Dollar”
The weekly chart of EUR USD shows that the sideways correction within the downtrend continues. Engulfing Bullish pattern indicate an ascending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
At the daily chart of EUR USD, Tower, Tweezers, and Three Methods patterns show an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
USD JPY, “US Dollar vs. Japanese Yen”
At the daily chart of USD JPY, bullish Harami and Hammer patterns indicate a correction above the closest Window, which provides support. Three Line Break chart shows a bearish tendency; Heiken Ashi candlesticks confirm that the ascending correction continues.
RoboForex Analytical Department
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