Analysis for October 27th, 2015
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bullish Hammer pattern indicated an ascending correction. The Window in the middle provides resistance. Three Line Break chart shows the bearish tendency; Heiken Ashi candlesticks confirm that the ascending correction continues.
At the H1 chart of EUR USD, the lower Window provided support. The Window in the middle is a resistance level. Three Line Break chart shows an ascending movement; Heiken Ashi candlesticks confirm a bearish pullback.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, bearish Three Methods continuation pattern indicated a descending movement. The upper Window provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
RoboForex Analytical Department
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