Analysis for April 13th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the uptrend continues. The daily Window is still a resistance level; Shooting Star and Engulfing Bearish patterns near the Window indicated a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm that the descending correction continues.
At the H1 chart of EUR USD, the sideways tendency continues. Shooting Star pattern indicated a descending movement. Three Line Break chart shows a bullish direction; Three Methods patterns and Heiken Ashi candlesticks confirm a bearish movement.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the Window in the middle provided support. Bullish Hammer and Tweezers patterns indicated an ascending correction. Three Line Break chart and Heiken Ashi candlesticks confirm that the ascending correction may continue up to Three Methods pattern.
RoboForex Analytical Department
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