Analysis for August 30th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the sideways correction is completing; the bearish tendency continues. The closest Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
At the H1 chart of EUR USD, the bearish tendency may yet continue. Hammer pattern indicates a bullish pullback. The closest Window is a support level. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a descending movement.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the upside Window provided support. Bullish Doji pattern indicated an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
RoboForex Analytical Department
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