Analysis for May 26th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the bearish tendency continues. The downside Window provided support Bullish Tweezers pattern indicates an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction. The Window in the middle may provide resistance.
At the H1 chart of EUR USD, bullish Tweezers pattern indicated an ascending correction. Shooting Star pattern shows a possible bearish pullback towards support from the Window in the middle. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows a sideways tendency. Engulfing Bearish pattern indicated a descending movement. Three Line Break chart shows a bearish direction; bullish Harami pattern and Heiken Ashi candlesticks confirm a bullish pullback towards the resistance area.
RoboForex Analytical Department
Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Members Area.