Analysis for May 20th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bearish Three Methods continuation pattern indicated a descending movement. The downside Window provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction; Harami pattern indicates a possible bullish pullback.
At the H1 chart of EUR USD, the sideways correction continues. Engulfing Bullish pattern indicates a bullish pullback. Three Line Break chart shows the ascending correction; Heiken Ashi candlesticks confirm a possible bearish pullback.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the bullish tendency continues. Bearish Doji and Tower patterns show a possible bearish pullback. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.
RoboForex Analytical Department
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