Analysis for March 24th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bearish Tweezers pattern indicated a descending correction. The Window in the middle provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement.
The H1 chart of EUR USD shows a bearish tendency. Three Methods continuation pattern indicated a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction. High Wave pattern shows a possible bullish pullback away from the upside Window, which is a support level.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows an ascending correction within the downtrend. Three Methods continuation pattern indicates a bullish movement. The closest Window provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
RoboForex Analytical Department
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