Analysis for September 20th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bullish Tweezers pattern indicates an ascending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm a bullish movement. The downside Window is a support level.
At the H1 chart of EUR USD, bullish Harami and Inverted Hammer patterns indicated an ascending movement. The Window in the middle provided support. Three Line Break chart shows a bullish direction; bearish High Wave pattern and Heiken Ashi candlesticks confirm a bearish pullback.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows a bearish tendency. The Window in the middle provides resistance. Shooting Start pattern indicated a descending movement. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a descending movement.
RoboForex Analytical Department
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