Analysis for August 26th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, Hammer pattern indicated an ascending movement. The upside Window is a resistance level, the one 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, Shooting Star pattern shows a descending movement. Three Line Break chart indicates a bullish direction; Heiken Ashi candlesticks confirm a bearish movement.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows a correction within the downtrend. Three Methods continuation pattern indicates 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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