Article By RoboForex.com
Analysis for June 17th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the downside Window provided support. Bearish Harami pattern indicates a descending movement. The Window in the middle was broken and now it’s a support level. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm a bullish pullback.
At the H1 chart of EUR USD, the downside Window provided support. Engulfing Bullish pattern indicates an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction; there might be a bearish pullback from Moving Averages.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows a bearish tendency. Hammer pattern indicated an ascending correction. The downside Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
RoboForex Analytical Department
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Article By RoboForex.com
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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.
