Analysis for November 23rd, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the sideways correction within the downtrend continues. Engulfing Bearish pattern indicates a pullback to the downside. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a descending movement.
At the H1 chart of EUR USD, bearish Hanging Man pattern indicates a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows a sideways correction within the uptrend. Engulfing Bearish and Harami reversal patterns show a possibility of a descending correction. Three Line Break chart indicates a bullish direction; Heiken Ashi candlesticks confirm that the correction continues.
RoboForex Analytical Department
Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Members Area.