Analysis for June 17th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the downside Window provided support. Bearish Harami pattern indicates a descending movement. The Window in the middle was broken and now it’s a support level. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm a bullish pullback.
At the H1 chart of EUR USD, the downside Window provided support. Engulfing Bullish pattern indicates an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction; there might be a bearish pullback from Moving Averages.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows a bearish tendency. Hammer pattern indicated an ascending correction. The downside Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
RoboForex Analytical Department
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