Analysis for October 29th, 2015
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows a bearish tendency. The Window in the middle provided resistance. Shooting Star pattern indicated a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm that the bearish tendency continues; Hammer pattern indicates a possible bullish pullback.
At the H1 chart of EUR USD, the Window in the middle provided resistance. Three Line Break chart shows the bearish tendency; Heiken Ashi candlesticks confirm a bullish pullback.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the upper Window provided support. Harami pattern indicates a possible bearish pullback. Three Line Break chart and Heiken Ashi candlesticks shows a bullish direction.
RoboForex Analytical Department
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