Analysis for September 29th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bearish Doji pattern indicates a pullback downwards. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm an ascending movement.
At the H1 chart of EUR USD, bearish Harami and Three Black Crows patterns indicate a descending movement. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm the descending movement. Inverted Hammer pattern indicates a possible pullback upwards.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the downside Window provided support. Bullish Inverted Hammer, Doji, and Tower patterns indicated that the ascending correction continues. Three Line Break chart shows a descending movement; Heiken Ashi candlesticks confirm a bullish direction. The Window in the middle is a resistance level.
RoboForex Analytical Department
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