Analysis for June 15th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, Tweezers and Hammer patterns indicated an ascending correction. The Window in the middle provides resistance. Three Line Break chart shows a descending tendency; Heiken Ashi candlesticks confirm the ascending correction.
The H1 chart of EUR USD shows a correction. Tweezers and Hammer patterns indicated an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the bearish tendency continues. Harami pattern indicated a bullish pullback. The downside Window is a resistance level. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm an ascending movement.
RoboForex Analytical Department
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