Analysis for April 26th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the Window in the middle provided support. Bullish Three Methods continuation pattern indicates an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
At the H1 chart of EUR USD, bullish Inverted Hammer and Three Methods pattern indicated an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction; the closest Window may provide resistance.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows a bullish tendency. Engulfing Bearish indicated a descending movement. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm that the bearish pullback continues.
RoboForex Analytical Department
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