Analysis for August 22nd, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bearish Harami pattern indicates a descending correction within the uptrend. The upside Window is a support level. Three Line Break chart shows a bearish direction; Engulfing Bullish pattern and Heiken Ashi candlesticks confirm a pullback upwards.
At the H1 chart of EUR USD, Engulfing Bullish pattern indicates an ascending movement. The Window in the middle is a support level. 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, Harami pattern indicates a correction within the downtrend. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
RoboForex Analytical Department
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