Analysis for November 18th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the bearish tendency continues. Bullish Inverted Hammer pattern indicates an ascending correction. Three Line Break chart and Heiken Ashi candlesticks confirm the downtrend.
The H1 chart of EUR USD shows a sideways correction within the downtrend. Bullish Tweezers pattern indicates an ascending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm the correction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the bullish tendency continues. There are no reversal patterns. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
RoboForex Analytical Department
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