Analysis for March 28th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the Window in the middle provides support. Bullish Tweezers pattern indicates a bullish pullback towards the upside Window, which is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
At the H1 chart of EUR USD, the sideways correction continues. The upside Window provides support. Three Line Break chart and Heiken Ashi candlesticks show a bullish direction. High Wave and Inverted Hammer patterns confirm an ascending movement.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the ascending correction continues. Three Methods continuation patterns indicated a bullish movement. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction; Shooting Star pattern sows a possible bearish pullback.
RoboForex Analytical Department
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