Analysis for March 21st, 2016
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows a bullish tendency. Tweezers pattern indicated a descending correction. The upside Window may provide support. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a bearish movement.
The H1 chart of EUR USD shows the uptrend; Hanging Man and Harami patterns indicated a descending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction; the upside Window provides support.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows the downtrend. Bullish Doji and High Wave patterns show an ascending movement. The closest Window provides resistance. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
RoboForex Analytical Department
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