Analysis for November 16th, 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 shows the downtrend; Heiken Ashi candlesticks confirm a bullish pullback.
The H1 chart of EUR USD shows a sideways correction within the downtrend. The patterns are moving in different directions. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, bullish Meeting Lines pattern near the middle Window (support level) shows an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
RoboForex Analytical Department
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