Analysis for November 20th, 2015
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows a correction with the downtrend. Engulfing Bearish and Tower patterns, along with Three Line Break chart and Heiken Ashi candlesticks, confirm a bearish direction.
At the H1 chart of EUR USD, bullish Harami and High Wave patterns indicate a bullish pullback. The upper Window provided resistance. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the correction within the uptrend continues. The upper Window provides resistance. Bearish Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a bearish direction.
RoboForex Analytical Department
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