Analysis for October 9th, 2014
EUR USD, “Euro vs US Dollar”
The H4 chart of EUR USD shows a bullish tendency within the downtrend, which is indicated by Tower pattern. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement.
At the H1 chart of EUR USD, a bullish tendency continues. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm an ascending movement.
USD JPY, “US Dollar vs Japanese Yen”
The H4 chart of USD JPY shows a correction within the uptrend. Three Methods pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a descending movement.
RoboForex Analytical Department