Analysis for September 27th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bearish Harami and Shooting Star patterns indicate a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
At the H1 chart of EUR USD, the sideways correction completed after Shooting Star pattern. The upside Window provided resistance. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the downside Window provided support. Bullish Inverted Hammer and Doji patterns indicate that the ascending correction continues. Three Line Break chart shows a descending movement; Heiken Ashi candlesticks confirm a bullish direction.
RoboForex Analytical Department
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