Analysis for October 23rd, 2015
EUR USD, “Euro vs. US Dollar”
As we can see at the H4 chart of EUR USD, the price has formed bullish Hammer pattern near the middle Window, which provides support. Three Line Break chart shows a bearish tendency; Heiken Ashi candlesticks confirm an ascending correction.
At the H1 chart of EUR USD, bullish Harami pattern indicates an ascending movement. The lower Window provides support. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a possible bearish pullback.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, Belt Hold pattern indicates a bearish movement. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a descending movement.
RoboForex Analytical Department
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