Analysis for June 20th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the closest Window provided support. Engulfing Bearish pattern indicates a descending movement. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a bearish pullback.
At the H1 chart of EUR USD, Evening Star and Three Methods patterns indicate a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the sideways correction continues near the Window. Hammer pattern and the new Window show a possible bullish pullback. Three Line Break chart and Heiken Ashi candlesticks indicate a bearish direction to confirm the downtrend.
RoboForex Analytical Department
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