Analysis for March 18th, 2016
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows a bullish tendency; Tweezers pattern indicates a descending movement. The upside Window provides support. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a bearish pullback.
The H1 chart of EUR USD shows the uptrend; Hanging Man and Doji patterns indicate a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction and the correction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, Doji and High Wave patterns show an ascending movement. The closest Window provides resistance. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
RoboForex Analytical Department
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