Analysis for August 19th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bearish Harami pattern indicated a descending correction. The upside Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
At the H1 chart of EUR USD, Engulfing Bearish pattern showed a descending correction within the uptrend. The upside Window is a support level. Three Methods continuation pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending movement.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the downtrend continues. Harami pattern indicated the correction. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm that the correction continues.
RoboForex Analytical Department
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