Analysis for September 23rd, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the Window in the middle provided resistance. Engulfing Bearish pattern indicates a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
At the H1 chart of EUR USD, Engulfing Bearish, Dark Cloud, and Shooting Star patterns indicate a descending correction. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a possible descending movement.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the downside Window provided support. Bullish Inverted Hammer pattern indicated an ascending movement. The Window in the middle is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
RoboForex Analytical Department
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