Analysis for April 24th, 2015
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows a bullish tendency. Three Methods continuation pattern indicates an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish movement.
As we can see at the H1 chart of EUR USD, the closest Window is broken and right now it’s a support level. Shooting Star pattern indicates a possible bearish pullback; Three Line Break chart and Heiken Ashi candlesticks confirm a bullish movement.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows a sideways correction. Tweezers pattern and Three Line Break chart confirm a descending movement; Heiken Ashi candlesticks indicate an ascending movement.
RoboForex Analytical Department