Analysis for July 28th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the upside Window provides resistance. Engulfing Bullish and Tweezers patterns indicated an ascending correction. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm an ascending movement.
At the H1 chart of EUR USD, Three Methods continuation pattern shows an ascending movement. The Window in the middle provides support. Three Line Break chart indicates a bearish direction; Heiken Ashi candlesticks confirm that the ascending movement continues.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, bearish Shooting Stars, Doji, and Two Crows patterns indicate a descending movement. The downside Window provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
RoboForex Analytical Department
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