Analysis for August 18th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the bullish tendency continues. The upside Window is broken; now it’s a support level. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of EUR USD shows the uptrend. The upside Window is a support level. There are no reversal patterns. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows the downtrend. Harami pattern indicates a possible ascending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
RoboForex Analytical Department
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