Analysis for April 27th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, several Three Methods patterns indicate an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
At the H1 chart of EUR USD, the closest Window provided support. Evening Star pattern indicates a descending movement. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a bearish pullback towards the Window.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, Engulfing Bearish pattern indicated a correction. The upside Window provides resistance. Hammer pattern, Three Line Break chart, Heiken Ashi candlesticks confirm that the bullish tendency continues up to the Window.
RoboForex Analytical Department
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