Analysis for July 27th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the downtrend continues. Engulfing Bearish pattern near the downside Window (a resistance level) indicates a descending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm that the ascending correction continues.
At the H1 chart of EUR USD, bearish Harami pattern shows a bearish pullback. The downside Window provides resistance. Three Line Break chart indicates a bearish direction; Heiken Ashi candlesticks confirm the ascending correction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, bullish Doji and Tower patterns indicated an ascending movement. The downside Window provided support. Shooting Stars pattern shows a possible bearish pullback. Three Line Break chart indicates a bearish direction; and Heiken Ashi candlesticks confirm an ascending movement.
RoboForex Analytical Department
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