Analysis for October 15th, 2015
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, Tower and Engulfing Bearish patterns indicate a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
As we can see at the H1 chart of EUR USD, Tower pattern indicates a descending movement. The upper Window provides support. Inverted Hammer pattern shows a possibility of a bullish pullback; Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows a bearish tendency. The lower Window provides support. Three Methods continuation pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a bearish movement.
RoboForex Analytical Department
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