Analysis for August 05th, 2014
EUR USD, “Euro vs US Dollar”
H4 chart of EURUSD we possibly see correctional phase within bearish trend, indicated by the «Morning star» formation. Three-Line break shows ascending correctional phase. Three-methods and Heiken Ashi candlesticks confirm bearish destination.
USD JPY, “US Dollar vs Japanese Yen”
H4 chart of USDJPY indicates correction after ascending trend, indicated by the bearish Harami, Doji and Tower. Three-Line break indicates ascending trend, Heiken Ashi confirm continuation of the correctional move to the downside.
RoboForex Analytical Department