Analysis for March 22nd, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bearish Tweezers pattern indicated a descending correction. The Window in the middle provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement.
The H1 chart of EUR USD shows a correction within the uptrend. Harami and Three Methods patterns indicated that the descending correction continues. 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, bullish Doji, High Wave, and Engulfing Bullish patterns show an ascending correction within the downtrend. The closest Window provides resistance. Three Line Break chart indicates the ascending correction; Evening Star pattern and Heiken Ashi candlesticks confirm a bearish pullback.
RoboForex Analytical Department
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