Article By RoboForex.com
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bearish Tower pattern indicated a descending correction. Three Line Break chart and Heiken Ashi candlesticks show a bearish direction; Tweezers pattern confirms a bullish pullback towards resistance from the closest Window.
At the H1 chart of EUR USD, bullish High Waves pattern indicates an ascending movement. The Window in the middle is a resistance 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, bearish Shooting Star pattern indicated a descending correction. The downside Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
Free Reports:
Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
RoboForex Analytical Department
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.
