Analysis for November 29th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bearish Shooting Star pattern indicated a descending movement. A bullish direction on Three Line Break chart shows a correction; Heiken Ashi candlesticks confirm the descending movement.
At the H1 chart of EUR USD, bearish Harami, Shooting Star, Tower, and Three Black Crows patterns indicated a descending movement. Engulfing pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a bearish direction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the uptrend continues. Bullish Hammer reversal pattern indicates an ascending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm an ascending movement.
RoboForex Analytical Department
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