Analysis for March 30th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the bullish tendency continues. The upside Window was broken by a bullish candlestick; now it’s a support level. Three Line Break chart, Heiken Ashi candlesticks, and the absence of bearish patterns confirm an ascending movement.
At the H1 chart of EUR USD, bullish Harami pattern indicated an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction; bearish Harami pattern shows a possible bearish pullback.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the downtrend continues. Evening Star pattern indicated a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction. The Window was broken downwards and may provide resistance.
RoboForex Analytical Department
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