Analysis for October 28th, 2015
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows the sideways correction, which is indicated by bullish Hammer pattern. 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 price is being corrected between two Windows at the bottom. The Window in the middle is a resistance level. Three Line Break chart and Heiken Ashi candlesticks confirm that the ascending correction continues.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the upper Window provides support. Hammer pattern close to the Window indicates a possible bullish pullback. Three Line Break chart and Heiken Ashi candlesticks shows a bearish direction.
RoboForex Analytical Department
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