Analysis for October 18th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bullish Three Methods continuation pattern indicates an ascending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm that the bullish correction continues.
At the H1 chart of EUR USD, Engulfing Bearish pattern indicates a bearish pullback. The downside Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, Engulfing Bullish pattern indicates an ascending movement. The upside Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
RoboForex Analytical Department
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