Analysis for April 25th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the Window in the middle provides support. Doji pattern indicates an ascending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm a bullish pullback.
At the H1 chart of EUR USD, bullish Inverted Hammer and Three Methods pattern indicate an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction; Three Methods pattern may provide support.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the bullish correction within the downtrend continues. The upside Window provides resistance, Three Line Break chart shows a bullish direction; Engulfing Bearish pattern and Heiken Ashi candlesticks confirm a possible bearish pullback.
RoboForex Analytical Department
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