Analysis for November 21st, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bullish Inverted Hammer pattern indicates an ascending correction. Three Line Break chart and Heiken Ashi candlesticks show a bullish direction to confirm an ascending movement.
The H1 chart of EUR USD shows a correction within the downtrend. Bullish Tweezers pattern indicated an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, Engulfing reversal pattern shows a possibility of a descending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
RoboForex Analytical Department
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