Analysis for May 23rd, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bullish Harami pattern indicated an ascending movement. The closest Window provides resistance. Three Line Break chart confirm a bearish tendency; Heiken Ashi candlesticks show that the ascending correction may continue.
At the H1 chart of EUR USD, the sideways correction continues. Bearish Harami pattern indicates a bearish pullback. Three Line Break chart shows the ascending correction; Heiken Ashi candlesticks confirm the bearish pullback.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows a bullish tendency. Engulfing Bearish pattern indicates a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish pullback.
RoboForex Analytical Department
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