Analysis for April 28th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, several Three Methods patterns indicated an ascending movement. The daily Window provides resistance; right now, the candlesticks are bullish. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
At the H1 chart of EUR USD, the closest Window provided support. Bullish Morning Star pattern indicated an ascending movement; there are no reversal patterns right now. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, Engulfing Bearish and Tweezers patterns indicated a descending movement. The Window in the middle was broken and provides resistance; the downside Window may provide support. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
RoboForex Analytical Department
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