Analysis for August 24th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, Shooting Star pattern indicated a descending correction. The upside Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
The H1 chart of EUR USD shows a correction within the uptrend. The downside Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the sideways correction continues close to the downside Window. Bearish Harami and Three Methods patterns indicate a descending movement. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm the descending movement.
RoboForex Analytical Department
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