Article By RoboForex.com
Analysis for August 11th, 2014
EUR USD, “Euro vs US Dollar”
The H4 chart of EUR USD shows a correction within downtrend. Lower Window is a support level. Three Line Break chart indicates downtrend; Heiken Ashi candlesticks confirm bullish movement.
The H1 chart of EUR USD shows a bullish tendency. Three Line Break chart indicates ascending movement; Heiken Ashi candlesticks confirm bearish pullback.
USD JPY, “US Dollar vs Japanese Yen”
The H4 chart of USD JPY shows support from the closest Window, which is near Hammer and Morning Star patterns. Three Line Break chart indicates the general downtrend; Heiken Ashi candlesticks confirm bullish pullback.
RoboForex Analytical Department
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.
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.
