Analysis for September 7th, 2015
EUR USD, “Euro vs. US Dollar”
On the 4-hour Eurodollar chart the bearish tendency continues, the middle Window shows support. The bearish Three methods, the 3-line break graph and Heiken Ashi candles confirm the downward direction.
On the hourly chart the Eurodollar continues a sideways correction within the lower Window. The 3-line break graph shows a downward trend, the High wave model and Heiken Ashi candles confirm the bullish trend.
USD JPY, “US Dollar vs. Japanese Yen”
The 4-hour dollar yen chart continues a side correction. The bullish Doji model, the 3-line break graph and Heiken Ashi candles confirm the upward direction and the continuation of the correction.
RoboForex Analytical Department