Analysis for April 22nd, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the daily Window provided resistance again. Bearish Harami pattern indicates a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction; the Window in the middle is a support level.
At the H1 chart of EUR USD, bearish Gravestone Doji pattern indicated a descending movement. The Window is broken, now it’s a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction; Harami pattern indicates a bullish pullback towards the Window.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, bullish Morning Star Doji pattern indicated that the correction within the downtrend continues. Three Line Break chart and Heiken Ashi candlesticks confirm that the ascending correction continues; Deliberation pattern shows a possible bearish pullback.
RoboForex Analytical Department
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