Analysis for August 25th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, Hammer pattern indicated an ascending movement. The Window in the middle provided support. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm a bullish pullback.
At the H1 chart of EUR USD, the price completed the correction within the uptrend. Bullish Harami and Three Methods patterns show an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows the sideways correction close to the downside Window. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm the descending movement.
RoboForex Analytical Department
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