Analysis for November 13th, 2015
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bearish Harami pattern indicates that the downtrend continues. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
At the H1 chart of EUR USD, the sideways correction within the downtrend continues. The closest Window may provide support. Shooting Star and Three Methods patterns, along with Three Line Break chart and Heiken Ashi candlesticks show a bearish direction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, Hanging Man pattern close to the upper Window (resistance level) showed a descending movement. Three Line Break chart confirms a bearish direction; Heiken Ashi candlesticks indicate a bullish pullback from the small Window.
RoboForex Analytical Department
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