Article By RoboForex.com
Analysis for November 18th, 2013
EUR/USD
H4 chart of the EUR/USD currency pair shows sideways correction. Upper Window is resistance level. Three Line Break chart indicates that bearish tendency continues; Heiken Ashi candlesticks confirm ascending movement.
H1 chart of the EUR/USD currency pair shows resistance from closest Window. Three Line Break chart indicates that price may rebound from Window; Heiken Ashi candlesticks confirm that ascending tendency continues.
USD/JPY
H4 chart of the USD/JPY currency pair shows descending correction. Upper Window is broken, it may become support level. Three Line Break chart indicates ascending movement; Harami pattern and Heiken Ashi candlesticks confirm that correction may continue.
H1 chart of the USD/JPY currency pair also shows correction within ascending trend. Closest Window is support level. Tweezers and Two Crows patterns, along with Three Line Break chart and Heiken Ashi candlesticks confirm descending movement.
RoboForex Analytical Department
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Article By RoboForex.com
