Article By RoboForex.com
Analysis for August 22nd, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bearish Harami pattern indicates a descending correction within the uptrend. The upside Window is a support level. Three Line Break chart shows a bearish direction; Engulfing Bullish pattern and Heiken Ashi candlesticks confirm a pullback upwards.
At the H1 chart of EUR USD, Engulfing Bullish pattern indicates an ascending movement. The Window in the middle is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, Harami pattern indicates a correction within the downtrend. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
RoboForex Analytical Department
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Article By RoboForex.com
Attention!
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.
