Article By RoboForex.com
EUR/USD
H4 chart of the EUR/USD currency pair shows that correction continues. Upper Window is broken; it may become support level. Three Line Break chart and Heiken Ashi candlesticks confirm ascending movement.
H1 chart of the EUR/USD currency pair shows resistance from upper Window. Three Line Break chart indicates that price may rebound from Window; Heiken Ashi candlesticks confirm that ascending tendency continues.
H4 chart of the USD/JPY currency pair shows correction within ascending trend. Closest Window is broken, now it’s support level. Three Line Break chart indicates ascending trend; Harami pattern and Heiken Ashi candlesticks confirm that correction may continue.
H1 chart of the USD/JPY currency pair also shows bearish tendency within ascending trend. Closest Window is support level. Engulfing Bullish pattern and Three Line Break chart indicate ascending movement; Heiken Ashi candlesticks confirm descending movement.
RoboForex Analytical Department
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Article By RoboForex.com