Analysis for August 23rd, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, Engulfing Bullish pattern indicated an ascending movement. The upside Window provided support. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm an ascending movement.
At the H1 chart of EUR USD, Three Methods continuation patterns indicate an ascending movement. The upside Window provided support. 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, the sideways correction within the downtrend continues. Harami pattern indicated a descending movement. The new Window was closed by the price. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a descending movement.
RoboForex Analytical Department
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